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FTX @FTX_Official The 5.25 million FTT we put in our insurance fund in 2019 now makes the fund worth over 100 million USD https://ftx.com/status Screenshot: Backstop Fund Size: 5,478,274.51613972 USD, 5,250,000.000000000 FTT Last updated: 14/02/2021, 08:05:00

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FTX @FTX_Official The 5.25 million FTT we put in our insurance fund in 2019 now makes the fund worth over 100 million USD https://ftx.com/status Screenshot: Backstop Fund Size: 5,478,274.51613972 USD, 5,250,000.000000000 FTT Last updated: 14/02/2021, 08:05:00
https://media.hachyderm.io/media_attachments/files/111/195/066/623/705/577/original/3b25f195ae22c6b6.png

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Molly White (molly0xfff@hachyderm.io)'s status on Sunday, 08-Oct-2023 00:12:16 UTC Molly White

From yesterday's exhibits in US v. Sam Bankman-Fried:
The prosecution shows that the "insurance fund" that FTX bragged about was fake, and just calculated by multiplying daily trading volume by a random number around 7500
#FTX #SBF #crypto #cryptocurrency

In conversation about a year ago from hachyderm.io permalink