Molly WhiteFrom yesterday's exhibits in US v. Sam Bankman-Fried:
The prosecution shows that the "insurance fund" that FTX bragged about was fake, and just calculated by multiplying daily trading volume by a random number around 7500
Bea@molly0xfff crikey. I assumed you were being colourful about some half baked attempt at risk management but then saw you'd posted the screenshot and in fact you were precisely and accurately describing the awful reality. Amazing!