We've Seen the FTX Collapse Before

We’ve Seen the FTX Collapse Before

Halloween marked the 12-year anniversary of the collapse of MF Global, the eighth largest bankruptcy in U.S. history, where a major political donor caused a multi-billion dollar shortfall of customer segregated funds by transferring them to cover losses on proprietary trading.

Sound familiar?

James Koutoulas is co-founder of the Commodity Customer Coalition and trustee of the LetsGoBrandon.com Foundation.

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It should if you’ve been following the trial of FTX founder Sam Bankman-Fried, aka SBF, who was just convicted on seven counts of criminal charges and faces up to 110 years in prison. The federal criminal case was almost unprecedented in efficiency, resulting in a conviction

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