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The last week has been insane and I think we need a place to collectively wrap our minds around it and catch our breath.
If you haven't heard, FTX filed for bankruptcy & CEO Bankman-Fried secretly transferred about $10 billion of customer funds from FTX to his trading firm Alameda Research and used a “backdoor” to avoid triggering accounting red flags.
The last week has been insane and I think we need a place to collectively wrap our minds around it and catch our breath.
If you haven't heard, FTX filed for bankruptcy & CEO Bankman-Fried secretly transferred about $10 billion of customer funds from FTX to his trading firm Alameda Research and used a “backdoor” to avoid triggering accounting red flags.