Submitted by redhatGizmo t3_z6j69l in technology
phonafona t1_iy276cf wrote
Reply to comment by Rezhio in How a CoinDesk scoop led to the fall of Sam Bankman-Fried and implosion of FTX by redhatGizmo
It’s not a Ponzi scheme those last longer. He wasn’t paying out people with new investments he was just stealing all the investments.
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