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wumpus
on Nov 13, 2022
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FTX balance sheet, revealed
Remember the Wirecard collapse, where there was a fake bank account in the Phillipines that allegedly had $2.1 billion USD in it?
This is the crypto equivalent.
odiroot
on Nov 13, 2022
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I wonder if (some of) SEC will play the same role in this story as BaFin played in Wirecard's.
wyclif
on Nov 13, 2022
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Yes, it was actually two accounts: BDO Unibank and Bank of the Philippine Islands.
everybodyknows
on Nov 13, 2022
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Has there been any attempt at reform of BaFin in the aftermath -- or has bureaucratic inertia absorbed all such impulses?
_fat_santa
on Nov 13, 2022
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The hole in Wirecard's balance sheet almost doesn't seem that bad when you see what kind of hole FTX has.
KirillPanov
on Nov 13, 2022
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Garnished with a dash of Bernie Madoff.
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This is the crypto equivalent.