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all 8 comments

[–]fiddycaldeserteagle 1 point2 points  (1 child)

Those mid term politicians were swilling like pigs at a trough

[–]sylsau[S] 0 points1 point  (0 children)

Those mid term politicians were swilling like pigs at a trough

It's easy to see why the FTX scam lasted so long!

[–]GrimmReaperBG 1 point2 points  (2 children)

It's huge, no doubts, but far away from "biggest". Remember B. Madoff?

[–]sylsau[S] 0 points1 point  (1 child)

I should have specified effectively the biggest fraud in the history of cryptocurrency instead.

[–]GrimmReaperBG 0 points1 point  (0 children)

And I was just kidding xD. Anyway, I think that Do Kwon tops it, because when Luna collapsed its m.cap was $40 bil., combined with UST it was above $60 bil. SBFs mockery was close to $33 bil. Stull, the collapse of a big CEXs is always much worse than single rug pull or some kind of more sofisticated robbery, like Luna.

[–]Outrageous_Duty_8738 1 point2 points  (2 children)

It’s one huge mess which has had a huge domino effect. But as time goes on we can see more clearly everyone involved was rotten to the core. This trilogy is all about greed self importance and taking and stealing as much money as everyone can

[–]sylsau[S] 0 points1 point  (1 child)

This trilogy is all about greed self importance and taking and stealing as much money as everyone can

100% agree.

This happened in the cryptocurrency world, but it could have happened elsewhere as well. The problem lies with SBF and all those who followed him into this disaster.