Is This FTX Math?
November 21, 2022
I recall hearing or reading that the top dog of Aurora, the FTX affiliated entity, thought that running a crypto outfit required basic math skills. I read “FTX Owes more than $3 Billion to Top 50 Crypto Creditors.” The write up points out:
Roughly 1 million customers unable to withdraw funds from crypto currency exchange
Okay, let’s do some modern day basic math. Follow along:
- 50 kind hearted and understanding creditors
- $3 billion in US dollars or a suitable equivalent like Teslas or designer bags
- One Enron experienced super manager.
Now the math:
50 times $3 billion equals 20 years
I will get a middle school student to check my math. I may be off a few years with the prison sum.
Stephen E Arnold, November 21, 2022
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