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The FTX Fallout

The CEO of fallen crypto exchange FTX gave an unwise “interview” with Vox trying to explain what happened with the scandalous collapse. If I were his lawyer, I would have strongly advised against this but alas I am not.

The “interview” was done over Twitter direct message. This is journalism now. The upside is that we can all see his self-pitying demeanor, utterly lacking in contrition. When the reporter asks him about all of the virtue signaling he did about Covid and Ukraine, he outright admits that he was faking it for popularity, fame and money. He calls it a “dumb game we woke westerners play where we say all the right shibboleths [sic] and so everyone likes us.”

By playing that game, he could “lend” money to his own partner company, run by his 28-year-old girlfriend, and that company could invest other people’s money without their knowledge. Journalist Michael Shellenberger says this “scandal shows that all do-gooder capitalism should set off red flags.” #Truth

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