Optics would be great on that one—an EA has insight that there’s a good chance of FTX collapse (based on not generally-known info / rumors?), goes out and shorts SamCoins to profit on the collapse! Recall that any FTX collapse would gut the FTT token at least, so there would still be big customer losses.
Gutting the FTT token is customers losing money because of their investing, not customer losses via FTX loss of custodial funds or token, though, isn’t it?
That’s correct. That being said, wasn’t part of the value proposition of FTT that it gave you discounts on FTX? To that extent, it was somewhat like a partial gift certificate for future services. That’s still not loss of deposited funds, of course.
In any event, the public would not look kindly on a charitable movement accepting nine figures in donations from a company despite having strong semi-inside-knowledge reasons to believe said company was about to collapse in this manner. I was somewhat surprised to see encouragement to disclose information about anyone who traded on that kind of semi-insider knowledge.
Optics would be great on that one—an EA has insight that there’s a good chance of FTX collapse (based on not generally-known info / rumors?), goes out and shorts SamCoins to profit on the collapse! Recall that any FTX collapse would gut the FTT token at least, so there would still be big customer losses.
Gutting the FTT token is customers losing money because of their investing, not customer losses via FTX loss of custodial funds or token, though, isn’t it?
That’s correct. That being said, wasn’t part of the value proposition of FTT that it gave you discounts on FTX? To that extent, it was somewhat like a partial gift certificate for future services. That’s still not loss of deposited funds, of course.
In any event, the public would not look kindly on a charitable movement accepting nine figures in donations from a company despite having strong semi-inside-knowledge reasons to believe said company was about to collapse in this manner. I was somewhat surprised to see encouragement to disclose information about anyone who traded on that kind of semi-insider knowledge.