The great heist story has that perfect crew - the visionary, the tech whiz, the numbers genius, the inside man, and the political connector. But this isn't Ocean's Eleven. It's history.
Ellison's role in this saga reminds me of the old saying that 'hell hath no fury like a woman scorned.' In many corporate scandals, the pressure on insiders to keep quiet is immense, but when lines get crossed — romantically or ethically — it seems that truth has a way of coming out.
The irony is that FTX was built to bring crypto into the mainstream, yet its downfall may ultimately do more for regulation than any lobbying effort ever could. Crypto is now at a crossroads: either embrace transparency, or expect more scrutiny and tighter regulations.
This story has the makings of a cautionary tale for the entire tech industry, not just crypto. When innovation outpaces regulation, it opens the door to exactly this kind of abuse. It’s a reminder that ambition without accountability can be catastrophic.
Ellison's role in this saga reminds me of the old saying that 'hell hath no fury like a woman scorned.' In many corporate scandals, the pressure on insiders to keep quiet is immense, but when lines get crossed — romantically or ethically — it seems that truth has a way of coming out.
The irony is that FTX was built to bring crypto into the mainstream, yet its downfall may ultimately do more for regulation than any lobbying effort ever could. Crypto is now at a crossroads: either embrace transparency, or expect more scrutiny and tighter regulations.
This story has the makings of a cautionary tale for the entire tech industry, not just crypto. When innovation outpaces regulation, it opens the door to exactly this kind of abuse. It’s a reminder that ambition without accountability can be catastrophic.
Didn’t see a single word detailing the SEC/Gary G. Involvement in giving SBF a free pass.