It was *never* well capitalized. They used their own made up token as an asset a... | Hacker News

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		bluedevil2k on Nov 17, 2022 \| parent \| context \| favorite \| on: FTX used corporate funds to purchase employee home... It was never well capitalized. They used their own made up token as an asset and assigned a fake inflated valuation to it.

anotheracctfo on Nov 17, 2022 [–]

It's wild to me that they can basically print counterfeit USD and put it on their SEC filings, and the Treasury is just okay with it.

shawabawa3 on Nov 17, 2022 | [–]

SEC filings? They never made any SEC filings

The vast majority of their business was based in the Bahamas and Antigua to avoid US regulators

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