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by SilverBirch 1303 days ago
Woah woah woah. Don't buy into the bullshit. We know exactly what FTX was meant to be. FTX US was meant to be a US based crypto exchange regulated in the US, FTX International was meant to be a Bahamas based crypto exchange with less regulation. Alameda was meant to be a hedge fund.

FTX made very clear promises about what it was - and that all customer deposits were safe, which we know is a lie because at the point SBF said that we knew the liabilities of Alameda and FTX was denominated in an imaginary currency.