Sam Bankman
This guy was basically given the green light to do all this by the Feds.
FTX and Alameda
It does not make sense that one of the most successful crypto exchanges that basically collects fees on the biggest crypto bull market cycle is bankrupt along with its investment arm that has early investor access to many projects that did 10's of thousands of percent returns, i.e. Solana, Avax, Near, Serum etc
So, the story is that they were dumping crypto assets deposited on their exchanges that belong to their customers in a runaway bull market. Why do such a moronic ET move and in the process make a billionaire founder bankrupt in the process?
Why investors such as Blackrock and Sequoia unable to discern a balance sheet with billions of $ in the hole which took Binance team less than 24 hours to discover? At first $3 Billion, then $8 Billion then now $10 Billion?
What makes sense is that the US government has been suppressing the Bitcoin and crypto assets from taking off by dumping cryptos on the market, but they do not have any cryptos so they have Sam and FTX, maybe? and the likes of Blackrock and JP Morgan are investors, why not?
I believe that CZ was able to expose them and crash their operations. A billionaire hero, like Batman, to save cryptos ecosystem
Not all heroes wear a cape
Everyone is saying FTX is done, no one is going to save them, and yet, rumors are circling now that Sam is busy pitching to investors to raise funds
I think FTX will be somehow able to do an impossible feat of finding enough investors
US government will not want to shut down an operations that is their access and control and visibility to offshore cryptos market
Just my 2 satoshis
