As far as I've followed this there seem to be many billions simply missing. That is different from money that they can't get to quickly enough to pay out their customers, it's money that is not there. A large part of their "balance sheet" were their own tokens, which is not real money.
> The idea that a "bank run" caused this is just silly. FTX is not a bank.
Are you familiar with the adage: The easiest way to rob a bank is to own one?
Here is the thing, FTX may not ave been a registered bank, but it definitely functioned as a fractional reserve bank: and in the end that is what matters most! SBF is so screwed, and a part of me makes me think he wanted to implode all along: despite being born on 3rd base he is still an immense failure, furthermore his perverted notions of effective altruism were revealed to be just another misguided cult like any other used by your run of the mill conman to maximize is ROI from the woke-mob gatekeepers in SV.
SBF is bankrupt in every sense of te word, financially as well as morally. What I can’t tell if it's affluenza or suicidal ideation/depression making him do these interviews.
> Tbh I think he’s talking to this specific person because he thinks she’s hot. I’m totally serious about this lol
I didn't bother listening to it, and honestly if it is the reason it goes to show just how inept he really is considering how incriminating this all is and will be used against him; honestly, if this goes long as Theranos trial I will be extremely upset.
He and his gf at Alameda should be thrown in prison as fast as Charlie Schrem was, but because he is an insider they will make a show of it and expensive lawyers will get them short sentences in a light security jail at worst.
Hell, they should already be sitting in a cell next to Razzlekhan and her BF while being interrogated to hand over the funds while they sort all this out, that's the State's MO when it comes to these matters-- for them to sign a plea deal under duress and indefinite detainment like they have done to so many others. The fact that he is doing this podcast from the Bahamas shows the hypocrisy of the legal system entirely.
Edit: I didn't know who she was so I looked at her playlist and this came up [0], she personally got scammed for 200k on Celsius with the yield farming rugpull. I think it's just another youtuber making content trying to get more traffic/ratings: it's totally transactional for her and it seems since he has the social graces of a lamp post doesn't realize he has no chance.
