phonafona t1_iy276cf wrote on November 28, 2022 at 4:24 AM Reply to comment by Rezhio in How a CoinDesk scoop led to the fall of Sam Bankman-Fried and implosion of FTX by redhatGizmo It’s not a Ponzi scheme those last longer. He wasn’t paying out people with new investments he was just stealing all the investments. Permalink Parent 28
phonafona t1_iy276cf wrote
Reply to comment by Rezhio in How a CoinDesk scoop led to the fall of Sam Bankman-Fried and implosion of FTX by redhatGizmo
It’s not a Ponzi scheme those last longer. He wasn’t paying out people with new investments he was just stealing all the investments.