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FTX's collapse left a million creditors holding the bag for a chaotically managed, corrupt enterprise that created vast personal fortunes for the conspirators who ran it, even as it stole the life's savings of retail investors who bought into its lies. 1/ A vintage trustbuster carto...
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2022/11/23/inc… 2/
Could the unsuspecting public have been shielded from the FTX Ponzi scheme? Hindsight is 20/20, but there's good reason to believe that FTX could have been brought down in a controlled glide, rather than a nose-first crash landing and ensuing fireball. 3/
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