Looking dumb is an acceptable risk. If the team prematurely resigned and there is still usable money . . . the usable money is presumably locked in the FTX Foundation and in DAFs, it is not lost.
Premature send, ETA: As far as “questioning the ethics at FTX,” it would be very easy for FTX to have denied raiding customer funds if they didn’t do it as reported. It’s appropriate to draw the obvious inference that they did, and that alone is more than enough to “question[] the ethics at FTX” which is a pretty mild response to the news in my book.
The PR attention is at its height this week, the risk of “looking dumb” (which I think is very unlikely) is outweighed by the need to engage in damage control. No one will be listening if EA waits a few weeks to start distancing itself....
Looking dumb is an acceptable risk. If the team prematurely resigned and there is still usable money . . . the usable money is presumably locked in the FTX Foundation and in DAFs, it is not lost.
Premature send, ETA: As far as “questioning the ethics at FTX,” it would be very easy for FTX to have denied raiding customer funds if they didn’t do it as reported. It’s appropriate to draw the obvious inference that they did, and that alone is more than enough to “question[] the ethics at FTX” which is a pretty mild response to the news in my book.
The PR attention is at its height this week, the risk of “looking dumb” (which I think is very unlikely) is outweighed by the need to engage in damage control. No one will be listening if EA waits a few weeks to start distancing itself....