So that’s, in part, how it’s possible for FTX to have $1 billion in assets against $9 billion in liabilities: lots of not exactly clever but very shady bookkeeping. The natural question then becomes: where the fuck did all the money go?
we are all awaiting something for which we'll never be prepared
So that’s, in part, how it’s possible for FTX to have $1 billion in assets against $9 billion in liabilities: lots of not exactly clever but very shady bookkeeping. The natural question then becomes: where the fuck did all the money go?
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