11-17-2022, 10:42 PM
As An FTX User, You shouldn't feel stupid that you believed in FTX. Companies with w
<!-- SC_OFF --><div class="md"><p>The worst part about all of this is that SBF even had meetings CFTC and SEC officials. If it were any company you as the average person could trust, you would think it would be the CEO that meets with CFTC commisioners. SBF even met with Gary Gensler, head of the SEC only months before. Just last month, over the course of less than a week, SBF attended three major Washington events, with lawmakers, prominent bankers and financial academics who were also in attendance.</p> <p>I say these thing because the investors in FTX and large and involve many of the most prolific asset and hedge funds and investment banks in the world. Companies like Blackrock, Sequoia, Softbank, Tiger Global,Lightspeed Venture Partners, Paradigm. These are literally names of <strong>the</strong> biggest investment firms in the world. And all of them were suckered into FTX's game. Now think. If companies with literally the largest amount of assessing, accounting and auditing talent and resources in the world could not have determined the true nature of FTX, how could a lowly retail everyday person like you and me have any hope of doing so?</p> <p>This extended to sports popular culture. The Miami Heat renamed their stadium to the FTX Arena. Major League Baseball umpires uniforms uniforms with an FTX patch. Mercedes-Benz’s Formula 1 racecars had the FTX logo. They even had deals with Tom Brady and Steph Curry.</p> <p>The worst part about all of this is that SBF even had meetings CFTC and SEC officials. If it were any company you as the average person could trust, you would think it would be the CEO that meets with CFTC commisioners. SBF even met with Gary Gensler, head of the SEC only months before. Just last month, over the course of less than a week, SBF attended three major Washington events, with lawmakers, prominent bankers and financial academics who were also in attendence.</p> <p>Unless you really knew what you were looking for, I don't really think you could have known. Everything only started crashing when Alameda's assets were leaked by a Coindesk report. So don't beat yourself up too much, it isn't your fault.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/OneThatNoseOne"> /u/OneThatNoseOne </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yxp3sh/as_an_ftx_user_you_shouldnt_feel_stupid_that_you/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yxp3sh/as_an_ftx_user_you_shouldnt_feel_stupid_that_you/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>The worst part about all of this is that SBF even had meetings CFTC and SEC officials. If it were any company you as the average person could trust, you would think it would be the CEO that meets with CFTC commisioners. SBF even met with Gary Gensler, head of the SEC only months before. Just last month, over the course of less than a week, SBF attended three major Washington events, with lawmakers, prominent bankers and financial academics who were also in attendance.</p> <p>I say these thing because the investors in FTX and large and involve many of the most prolific asset and hedge funds and investment banks in the world. Companies like Blackrock, Sequoia, Softbank, Tiger Global,Lightspeed Venture Partners, Paradigm. These are literally names of <strong>the</strong> biggest investment firms in the world. And all of them were suckered into FTX's game. Now think. If companies with literally the largest amount of assessing, accounting and auditing talent and resources in the world could not have determined the true nature of FTX, how could a lowly retail everyday person like you and me have any hope of doing so?</p> <p>This extended to sports popular culture. The Miami Heat renamed their stadium to the FTX Arena. Major League Baseball umpires uniforms uniforms with an FTX patch. Mercedes-Benz’s Formula 1 racecars had the FTX logo. They even had deals with Tom Brady and Steph Curry.</p> <p>The worst part about all of this is that SBF even had meetings CFTC and SEC officials. If it were any company you as the average person could trust, you would think it would be the CEO that meets with CFTC commisioners. SBF even met with Gary Gensler, head of the SEC only months before. Just last month, over the course of less than a week, SBF attended three major Washington events, with lawmakers, prominent bankers and financial academics who were also in attendence.</p> <p>Unless you really knew what you were looking for, I don't really think you could have known. Everything only started crashing when Alameda's assets were leaked by a Coindesk report. So don't beat yourself up too much, it isn't your fault.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/OneThatNoseOne"> /u/OneThatNoseOne </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yxp3sh/as_an_ftx_user_you_shouldnt_feel_stupid_that_you/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yxp3sh/as_an_ftx_user_you_shouldnt_feel_stupid_that_you/">[comments]</a></span>