Hereβs a deeper scratch β I wonder if Sam Bankman-Fried, Victoria Nuland, Tony Blinken, Igor Kolomoisky, and Volodymyr Zelensky all go to the same synagogue. . .
I just haven't seen your posts as much and I've always thought you were spot on. :) that's all. If you were in my neighborhood, you'd be a cherished friend.
17 makes a very important appearance in all this. FTX thought their leverage was 0%, but for some reason it was exactly 1.7%.
This 1.7% is the main reason being blamed for the downfall of FTX.
Bankman takes responsibility for "poor internal labeling of bank-related accounts," which meant "that I was substantially off on my sense of users' margin." Before, he assumed 0 leverage with enough USD liquidity to deliver 24 times the average daily withdrawals. In reality, leverage stood at 1.7x and once the run on FTX accounts began, there was only enough liquidity to cover 80% of the $5 billion withdrawn on Sunday.
We need to figure out the MLB umpire involvement in this. Every major league umpire wore the FTX logo on their uniforms.
...just scratching the surface
Hereβs a deeper scratch β I wonder if Sam Bankman-Fried, Victoria Nuland, Tony Blinken, Igor Kolomoisky, and Volodymyr Zelensky all go to the same synagogue. . .
Iceman, good to have you back. What's your thoughts?
Where did I go?
I just haven't seen your posts as much and I've always thought you were spot on. :) that's all. If you were in my neighborhood, you'd be a cherished friend.
17 makes a very important appearance in all this. FTX thought their leverage was 0%, but for some reason it was exactly 1.7%.
This 1.7% is the main reason being blamed for the downfall of FTX.
Link to Bankmans 1.7 tweet:
Heres a good breakdown of the strangeness surrounding this massive 1.7% oopsie :
https://files.catbox.moe/t70zb5.jpg
1.7x is 170%, not 1.7%. Big difference.
True it's 170% more
There is no way is was just an over sight