Hacker News Reader

If they held off for 6 months no one would have known and SBF would still be a hero. I wonder how many billionaires are in the exact same situation.

“Just one more roll” the gambler says to himself, “I can make it all back.”

FTX’s fate was sealed long before its collapse, an extra 6 months would not have changed the outcome.

Their extreme lack of controls and total disdain for rules was ALWAYS going to end up in disaster. It’s just a matter of when