{"id":7959,"date":"2022-11-19T13:37:55","date_gmt":"2022-11-19T12:37:55","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/11\/19\/polyamory-penthouses-and-plenty-of-loans-inside-the-crazy-world-of-ftx\/"},"modified":"2022-11-19T13:37:55","modified_gmt":"2022-11-19T12:37:55","slug":"polyamory-penthouses-and-plenty-of-loans-inside-the-crazy-world-of-ftx","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/11\/19\/polyamory-penthouses-and-plenty-of-loans-inside-the-crazy-world-of-ftx\/","title":{"rendered":"Polyamory, penthouses and plenty of loans: inside the crazy world of FTX"},"content":{"rendered":"

After the crypto firm collapsed, the executive who handled the Enron debacle was brought in \u2013 and said he\u2019d never seen anything like it<\/p>\n

\u2022 \u2018I don\u2019t have this kind of money to lose\u2019 \u2013 investors\u2019 stories<\/a><\/p>\n

Casual observers could be forgiven for thinking the collapse of the cryptocurrency exchange FTX is another typical tale of financial mismanagement. That\u2019s how its founder, Sam Bankman-Fried, terms it: a liquidity crisis that tipped over into a solvency one.<\/p>\n

FTX had deposits and loans and when depositors tried to get their money back, FTX didn\u2019t have it to hand. Sure, the loans were in fancy digital money, rather than stale dollars, but at first glance, it appears like just another big company failure.<\/p>\n

Continue reading…<\/a>
\nAfter the crypto firm collapsed, the executive who handled the Enron debacle was brought in \u2013 and said he\u2019d never seen anything like it
\n\u2022 \u2018I don\u2019t have this kind of money to lose\u2019 \u2013 investors\u2019 stories
\nCasual observers could be forgiven for thinking the collapse of the cryptocurrency exchange FTX is another typical tale of financial mismanagement. That\u2019s how its founder, Sam Bankman-Fried, terms it: a liquidity crisis that tipped over into a solvency one.
\nFTX had deposits and loans and when depositors tried to get their money back, FTX didn\u2019t have it to hand. Sure, the loans were in fancy digital money, rather than stale dollars, but at first glance, it appears like just another big company failure. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

After the crypto firm collapsed, the executive who handled the Enron debacle was brought in \u2013 and said he\u2019d never seen anything like it \u2022 \u2018I don\u2019t have this kind of money to lose\u2019 \u2013 investors\u2019 stories Casual observers could be forgiven for thinking the collapse of the cryptocurrency exchange FTX is another typical tale …<\/p>\n

Polyamory, penthouses and plenty of loans: inside the crazy world of FTX<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":7960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7959"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=7959"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/7960"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=7959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=7959"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=7959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}