On: FTX used corporate funds to purchase employee home...

[encoderer]

same creative use of mark to market accounting but compared to FTX, Enron was fraud on difficult mode. They had to (attempt to) actually build things like power plants in India. FTX just yeeted tokens to bag holders based on fancy darkmode graphic design and a screwball haircut.

[akira2501 → encoderer]

> Enron was fraud on difficult mode.

The citizens of California would highly disagree with that. In those cases, all they had to do was put plants into "maintenance" mode. Literally, do nothing, and profit.

This doesn't even begin to cover how they encouraged their employees to put their retirement into the business.

Enron wasn't one fraud.. it was several.

[xdavidliu → encoderer]

> FTX just yeeted ticker symbols to bag holders based on fancy darkmode graphic design and a screwball haircut.

I understand the words in this sentence individually, but not the sentence in its entirety. Can anyone translate?

[dymk → xdavidliu]

> yeeted ticker symbols

presented prices for worthless securities

> to bag holders

to now-defrauded clients of the FTX website

> fancy darkmode graphic design

a slick, sort of professional looking website

> and a screwball haircut

and a screwball haircut

[oblio → dymk]

Thank you, translator of slang.

[bwi4 → xdavidliu]

As a bag holder, I often find myself attracted to dark mode websites, where I make my purchase decision based on how I feel about the CEO's haircut.

[Aperocky → xdavidliu]

FTX gave out fancy worthless digital garbage in exchange for real cash from "investors"