SBF-16B

"What H A P P E N E D [NOT LEGAL ADVICE. NOT FINANCIAL ADVICE. THIS IS ALL AS I REMEMBER IT, BUT MY MEMORY MIGHT BE FAULTY IN PARTS.]" da farq happened SBF? you used users deposits. period. not ok. was he a CIA plat? was this orchestrated to usher in heavy legislation? or was this just an over levered position gone wrong? we're trying to replace a broken system that relies on trust but is backed by broken money and fractional reserve banking. this event should solidify for everyone that CEXs are not inline with our goals - users need to custody their own funds and trade independently on cross-chain DEXs. then there is no need for trust. think this was bad? your bank ...View all