Funny how nobody was calling him a sociopath before the crash. Wunderkind. Yup. Genius. Visionary… But never a sociopath… And some other pretty derogatory descriptions. But only AFTER the fall do the knives come out.
And no.. this is not about Trump.
> Sequoia Capital, an investor in FTX, claimed that FTX could have possibly overtaken banking giants like Wells Fargo or Bank of America, which the VC firm used to justify its $32 billion valuation of the exchange. This week, Sequoia wrote their $214 million investment in FTX down to zero.
>Bankman-Fried is still a poster child for crypto, but now he represents what hubris, lack of oversight, and wildly levered amounts of risk can do. “I f***ed up, and should have done better,” he wrote on Twitter. That’s true, but the industry should have done better, too.
<p class=“attribution”>💬 Ashwin Rodrigues</p>
“That’s true, but the industry should have done better, too.” … But it didn’t … And it won’t.