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Glad they finally found someone - well maybe.

Interesting relationships with FTX - apparently SBF gave them a $50 million loan to keep operating, and they’re neck deep in that mess.

https://www.forbes.com/sites/davidjeans/2023/01/15/ftx-delte...

Might want to give them a year or two before figuring that isn’t another smokescreen.

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That's not as concerning as a bank that lent money to FTX, though, right? If you take a loan from someone that goes bankrupt, you pay them back through whatever process is established by the bankruptcy court. If you loan money to someone that goes bankrupt, you're most likely sitting on a loss.

Deltec's response is that they're awaiting instructions on how to repay the loan:

https://www.deltecbank.com/2023/01/16/deltec-bank-trust-limi...

It’s quite concerning because it seemed to be off the books/hidden originally, SBF is one of the few who claims he’s been able to issue or redeem tether, it’s ‘Tethers bank’, and SBF is implicated in one of the largest crypto frauds in history.

Aka it stinks.

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