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Join date : 2022-10-27
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Red flags by Sam Bankman Fried Empty Red flags by Sam Bankman Fried

Mon Nov 21, 2022 2:31 pm
Following FTX's downfall I made a list of some of the red flags shown by the CEO Sam, I have not elaborated on any of these points but if anyone wants I can do that too

Making too much through Alameda
Voyager and bockify bailout
Donate a billion dollars o the Democratic party
Touting effective altruism saving the world
No board formation
Creation of dual-class document
reps and warranties around affiliated transactions
unregulated sale o securities
Network centralized as people stored their assets in the FTX wallets
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