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jumanji0881

11/10/22 7:58 AM

#37810 RE: jumanji0881 #37807

The Ship of Fools-
Sequoia Writes Off Entire $210MM FTX Investment; Here Are All The Other Funds That Are Losing Billions In FTX
https://www.zerohedge.com/markets/here-are-all-funds-are-about-lose-billions-ftx
Excerpt:
Still, while billions will be lost, nobody will be crushed as much as Bankman-Fried himself, whose personal wealth has collapsed from $16 billion to what may now be a negative number when accounting for his personal debt. Of course, it's all downhill from there especially once SBF is thrown in prison from stealing billions in client funds in his exchange and using them not even to buy yachts but to make catastrophically bad investments.

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