I know little about this so may get some of it wrong. But I believe a rival started talking about how he (SBF) didn't have the collateral which started a run on FTX, when people tried to take out their assets their money wasn't there. It was a classic ponzi scheme, and others speculate he is not the only one.
Oh, I see. Thank you very much. It's weird because I keep finding reference to the guy and the company, but didn't see anything about how it all started to fall apart. Thanks, fren.
I know little about this so may get some of it wrong. But I believe a rival started talking about how he (SBF) didn't have the collateral which started a run on FTX, when people tried to take out their assets their money wasn't there. It was a classic ponzi scheme, and others speculate he is not the only one.
Oh, I see. Thank you very much. It's weird because I keep finding reference to the guy and the company, but didn't see anything about how it all started to fall apart. Thanks, fren.