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blmasterr
@blockchainmaster
When Money Isn’t Lost—They Just “Forget” Where It Is! Sam Bankman-Fried explains FTX: 1. First, they said the money was gone. Then—boom!—$5B, $7B, $13B, now $15B. Their wallets had memory loss! 2. FTX US was simple: if you had 3 BTC, they held 3 BTC. 3. FTX International? 80% of funds were leveraged. Your $500 balance? They only had $100—like playing GTA with fake money. 4. Sam: "Of course, lending was part of the platform!" Translation: You were the liquidity! 5. 20% of users could withdraw. The other 80%? Stuck in FTX’s liquidation game—long on hopium, short on reality! Not a business model—a metaverse trading sim with no real money!
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