Yes, compare the earnings of NASDAQ with the "earnings" of FTX. Google the "founder". Watch the shit he talks about. Ask yourself - if he has that much time to be a clown what are the odds of him actually running a company that is worth that much money without a team?
> compare the earnings of NASDAQ with the "earnings" of FTX
Yes? Everyone knew that volume in crypto was too high and likely irrational. But that wasn't much indication that FTX was behaving fraudulently: they seemed to be just doing the straightforward work of helping match buyers and sellers and taking a cut.
> if he has that much time to be a clown what are the odds of him actually running a company
Lots of CEOs seem to do things like this; again that's not a strong signal. Also doesn't have anything to do with algebra.
> Yes? Everyone knew that volume in crypto was too high and likely irrationa
No, everyone knows that the exchange volume in crypto is high and fraudulent. Irrational behavior is not acknowledging it.
> Lots of CEOs seem to do things like this; again that's not a strong signal. Also doesn't have anything to do with algebra.
They do not. There's 24 hours in a day. Excluding 5 hours the CEO "slept", two hours that CEO spent eating and waking up that leaves 17 hours total. Every single activity one engages in subtracts available time for running the company.
> FTX had several hundred employees
FTX "leadership" lived in a single Penthouse in Bahamas, having sex with each other. Fish rots from the head. In this case anyone who did not want to ignore it saw that the head of the fish was rotten.
https://ir.nasdaq.com/news-releases/news-release-details/nas...