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