Yeah, there seems to be some confusion. Obviously a unicorn founder is going to have a lot of wealth in that company’s stock (or close analogues such as FTT). The problem, rather, is that we think FTT was being transferred between corporate entities and used as collateral at its face value (there may’ve been other problems relating to FTT, such as its tokenomics, as well).
Yeah, there seems to be some confusion. Obviously a unicorn founder is going to have a lot of wealth in that company’s stock (or close analogues such as FTT). The problem, rather, is that we think FTT was being transferred between corporate entities and used as collateral at its face value (there may’ve been other problems relating to FTT, such as its tokenomics, as well).