Billionaire Dallas Maverick’s owner Mark Cuban recently offered his perspective on the implosion of crypto platform FTX late this week.
“So what does Sam Bankman [Fried] do, he’s just–‘gimme more, gimme more, gimme more.’ So I’m gonna borrow money, loan it to an affiliated company and hope and pretend to myself that the FTT tokens that are in there on my balance sheet are gonna to sustain their value.”FTX’s collapse marks a stunning turnabout for a company, which was once valued at $26 billion, and whose founder, Bankman-Fried was viewed by many in the crypto industry as a venerable actor in the Wild West of digital exchanges.
The price of FTX’s native token FTT went down about 88.8% over the past seven days to around $2.74, according to CoinMarketCap data.
Yeah but he's got friends in the white house so don't worry about him 😉 😏
Let's not start throwing rocks in glass houses Mr mcuban
Despite what SBF is doing with crypto markets but MarblesArenaNFT are making the NFT market on 🔥
Says the who pumped doge.
Investors have yet to factor in the Fetterman effect. The man is unlikely to be bought by lobbyists and will be both hard to ignore and vocal enough to make AOC truth to power seem like a walk in the park. The days of back door deals with corporate blue, is coming to a full 🛑
What we’re the people that invested in it? Enron 3.0 Billions vanished how?
🤣
And....👇👇👇
I think he was just plain irresponsible, not necessarily greedy.
Tell that to your cohost “Mr. Wonderful” lmao
Indeed!
Much worse than that...
He just described all crypto communities. Isn't that allure of get rich quick to 100x made many people over leverage?
Lol. Bro. Nvm
Now they're calling him dumb? 😂 Jim Cramer called him 'the next JP Morgan'.
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