One of the biggest stories of the week was the collapse of one of the world’s largest crypto exchanges. There’s an aviation angle to this, which I wanted to take a closer look at in this post.
Continue reading: Did FTX CEO Flee From Bahamas To Argentina On Private Jet?
Share your questions, experiences, and thoughts below.
It's rough for these investors to lose everything to such a scam artist, glad I'm only losing in down markets and not also in crypto
There is a big crypto event in Buenos Aires. Most likely going there to meet key people
These millennial wunderkinds generate a lot of hype. Their (fill in the blank) goes up in value. They cash out their interests. Those left are up a creek. But, the wunderkinds still have their homes and planes and cash.
The next time a millennial wunderkind comes up with a bright idea such as cryptocurrency, don't.
Fool me once, shame on you. Fool me twice, shame on my greedy capitalistic infatuation with impossibly high returns!
These investors get what they deserved for playing so carelessly in these ultra-risk spaces.
Investors?
More like greed driven people.
That's how scams really get you.
There were alchemists who can turn stones into gold.
There was snake oil that is a miracle elixir.
And then there was someone who turn water into grape juice.
Crypto through the ages. from BC to AD.
@Santos
Not all boomers, just Wall Street and Madison Avenue with the blessing of Pennsylvania Avenue.
If he did then good for him. Always look out for number 1. If I was in his situation I'd have set aside some of the money (likely in off shore accounts) and get away. While there is extradition from Argentina he could easily get a new identity there and move somewhere else (or bribe someone to just allow him to leave).
Lucky, his net worth went from about 30 billion to 'only' one billion...not quite 'nothing'
Sbf 100% going to jail, 20yrs+. He has a couple months of freedom left, enjoy!
Great reporting Lucky. Use your aviation expertise to do a little bit of actual research rather than just reporting a headline for clicks. Seems like this continues a trend of relative amount of time and effort put into flight reviews, hotel reviews, etc.
A private jet?! But, but, but I just watched a youtube video showing how he’s the most generous billionaire in the world, wants nothing but to use his money to eliminate every WEF-approved ailment, and drives a Toyota Corolla to boot!
Knock me over with a feather.