SBF did indeed have the equivalent of a money printing machine. One source of all that money billions in stolen customer funds. Another source was the VC community, which  put hundreds of millions into FTX with almost no due diligence. And finally FTX was able to issue their own FTT token, which was basically an unregistered security backed by nothing more than air.Reports indicate that SBF spent his ill-gotten gains on exclusive real estate in the Bahamas, luxury hotel stays, lavish parties, and jetting around the world... So much for living a life of an "effective altruist" -- it was all just part of the con.

SBF did indeed have the equivalent of a money printing machine. One source of all that money billions in stolen customer funds. Another source was the VC community, which  put hundreds of millions into FTX with almost no due diligence. And finally FTX was able to issue their own FTT token, which was basically an unregistered security backed by nothing more than air.Reports indicate that SBF spent his ill-gotten gains on exclusive real estate in the Bahamas, luxury hotel stays, lavish parties, and jetting around the world... So much for living a life of an "effective altruist" -- it was all just part of the con.

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