Massive disturbance in the Force. Sam Bankman Fried (SBF) was rolling the bones to the tune of billions, borrowing massive amounts of money from his crypto exchange FTX to pay for his hedge fund Alameda Research's trading. And everything else, including mega millions to the Ukraine > Democrat funding funnel.
Smart, and what was the collateral for the loans, the billions of dollars borrowed? FTX's native token FTT, which disastrously nosedived 75% triggering margin calls and FTX bankruptcy. The money, you see, just wasn't there. Is this a Lehman moment? I don't know, but I'll leave you with a helpful Day by Day infographic via Ed, widescreen it if you like:
Smart people are cleaning weapons, loading mags and getting ready to buy low. As always, my money's on the monkey.
Your Old Pal,
LSP
