Ah, so SBF’s FTX was all BS

The technology world was alight after the news that Sam Bankman- Fried was arrested.

The loss of hundreds of millions of invested capital and billions of paper wealth caused many in the larger community to be incensed that he wasn't immediately arrested.

With Bankman-Fried in custody and a complaint in hand, it's clear that the former startup executive didn't purchase political protection like the man who bought the social service.

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Legal people will carefully scrutinize the complaint and give more capable commentary on it's claims. We are going to take a different approach this morning. The FTX empire wasbullshit. The complaint said it was built on fraud.

Information about how other companies are doing is hard to come by, so this is important for startup companies. The leading startups have business results that carry outside influence. A key signal in the tech startup market was actually quite specious when a screaming success was found to be smoke and mirrors.