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by boopboopbadoop 1321 days ago
> You let someone else hold your crypto currencies, don't take the time to check if the said people holding your money has any validity and then you lose all your money? it unfortunately is your fault for trusting a scammer

Sequoia and their team of analysts, lawyers, etc did not see anything wrong with FTX. You expect individual investors to be able to research and see something wrong?
1 comments
malikNF 1321 days ago
Well goes to show Sam Bankman-Fried was a world class con-man, or Sequoia and their team of analysts, lawyers, etc are no better than the folks who fall for scammers and con men then.

In a lot of crypto currency circles people were questioning FTX, many warned about leverage.

* There can only be 21 million btc.

* If someone says you can leverage BTC they are selling you something that probably doesn't exist.

* If you don't hold your own BTC you don't own any BTC.

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