If you are talking about the time Alameda lost track of a bunch of money, and everyone freaks out except SBF, who turns out to be right, that story was hilarious foreshadowing.
Lewis also spends lots of time explaining how the whole thing that led to the collapse could have been avoided, they didn't need to be 'lent' money from clients coffers. They had money they could draw on and had in the past to finance market bets. SBF was just not very detail oriented, certain of his success and sure the rules didn't matter much.
He literally had meetings where he told people to buy other crypto companies with the criteria "Don't stop until you hit a billion dollars spent".
One of his supporters was certain he didn't do anything wrong, when the collapse happened, because he thought it would be insane to risk a golden goose like FTX, where you are the house in a giant gambling frenzy.
A special kind of non-chalant, non-selfaware hubris.
Lewis also spends lots of time explaining how the whole thing that led to the collapse could have been avoided, they didn't need to be 'lent' money from clients coffers. They had money they could draw on and had in the past to finance market bets. SBF was just not very detail oriented, certain of his success and sure the rules didn't matter much.
He literally had meetings where he told people to buy other crypto companies with the criteria "Don't stop until you hit a billion dollars spent".
One of his supporters was certain he didn't do anything wrong, when the collapse happened, because he thought it would be insane to risk a golden goose like FTX, where you are the house in a giant gambling frenzy.
A special kind of non-chalant, non-selfaware hubris.