Agreed. Levine even said after the interview that he came away more confident in SBF because it sounded to him that SBF's business model was selling people shovels to dig for gold. Even if the gold was fake and worthless.
What actually happened was FTX was reliant on these "assets" to get loans even though they were just an exchange that should have just been passing them off to counterparties.
What actually happened was FTX was reliant on these "assets" to get loans even though they were just an exchange that should have just been passing them off to counterparties.