On: The United States of America vs. Samuel Bankman-Fr...

[ShredKazoo]

One blogger's estimate of their losses:

>Voyager/BlockFi acquisition: 1.5b

>LUNA exposure: 1b

>KCG-style algo crash: 1b

>FTT/SRM collateral maintenance: 2b

>Venture capital: 2b

>Real estate, branding, other frivolous spending: 2b

>FTT drop from $22 to $4: 4b

>Discretionary longs going bad: 2b

>Total: 15.5 billion

https://milkyeggs.com/?p=175

[seanhunter → ShredKazoo]

Reminds me of the famous quote by the footballer George Best “I spent a lot of money on booze, birds and fast cars. The rest I just squandered.”