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To: zeestephen

The thing is, you are measuring the compensation in dollars. If measured in bitcoin, they’ve still taken a huge loss.


19 posted on 10/08/2024 7:30:19 AM PDT by EnderWiggin1970
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To: EnderWiggin1970
Re: "Huge loss"

FTX collapsed because of massive withdrawals.

Almost all of the remaining customers wanted out.

Since Bitcoin had crashed from $64,000 to $16,000, it is not a given that those customers would have kept their Bitcoins, or that cash customers would have immediately bought new Bitcoins.

20 posted on 10/08/2024 8:13:26 AM PDT by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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