This is even worse than I thought, this is right in the window of “rats fleeing the boat”
Sam Trabucco left Alameda on 24aug (https://twitter.com/AlamedaTrabucco/status/1562519114979356673)
Bret left FTX.us on 27sep (https://twitter.com/BrettHarrison88/status/1574782901748727809)
If I were a cynic, I’d have thought they were trying to demonstrate they were separable entities for legal reasons when they knew the risk was hitting the fan.
(I don’t believe this, but I’m 20% this is true)
They weren’t and aren’t separate legal entities. The change clarified the one actual org’s internal structure.
This is even worse than I thought, this is right in the window of “rats fleeing the boat”
Sam Trabucco left Alameda on 24aug (https://twitter.com/AlamedaTrabucco/status/1562519114979356673)
Bret left FTX.us on 27sep (https://twitter.com/BrettHarrison88/status/1574782901748727809)
If I were a cynic, I’d have thought they were trying to demonstrate they were separable entities for legal reasons when they knew the risk was hitting the fan.
(I don’t believe this, but I’m 20% this is true)
They weren’t and aren’t separate legal entities. The change clarified the one actual org’s internal structure.