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Except supposedly he built a highly successful exchange that had quality tech.
The issue is he was also just a criminal who had no problem stealing other peoples money.
The GME guys were just guys who caught the meme train - though many who were true believers and lost everything. But they didn’t have the same ethical failings as Sbf.
I never used FTX , although it seemed like a good exchange due to its huge wide range of products, way more than other exchanges. If I was going to trade crypto, i would have probably gone with FTX for this reason. I think the tech was good..it was the whole fraud part that made the tech irreverent in the end.
This is why when the inevitable talking point comes up of why no one was arrested for the 2008 crisis, we're taking a different problem. Overt fraud vs. poor market timing/bad risk management/models.
I didn't know W was woke. Was the dot-com bubble also the fault of the federal government?
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