FTX's Wide-ranging Fraud
An emoji-fueled scam.
The WSJ has a devastating article describing FTX's wide-ranging fraud. It concludes with a quote from the firm's new CEO. Brutal.
While the FTX Group’s failure is novel in the unprecedented scale of harm it caused in a nascent industry, many of its root causes are familiar: hubris, incompetence, and greed.
The whole thing is worth reading, including additional investigative documents that can be found here.