There were IMO some orange flags (such as the connection to the questionable lawyer who also works with tether), but admittedly think it’s difficult to notice such things when there’s an aura of success around someone. I think it isn’t just hindsight, though. I think people need to get a lot better at being cynical, because it’s important. For instance, it was odd how FTX positioned itself as the savior of crypto by proposing to buy out entities like Voyager and Blockfi and then it comes out that Alameda owes them money. They said they could “pay anytime,” but it still looked weird.
There were IMO some orange flags (such as the connection to the questionable lawyer who also works with tether), but admittedly think it’s difficult to notice such things when there’s an aura of success around someone. I think it isn’t just hindsight, though. I think people need to get a lot better at being cynical, because it’s important. For instance, it was odd how FTX positioned itself as the savior of crypto by proposing to buy out entities like Voyager and Blockfi and then it comes out that Alameda owes them money. They said they could “pay anytime,” but it still looked weird.