MrDecentralize on Nostr: FTX collapsed, wiping out billions—but the real winners? Lawyers. A staggering $948 ...
FTX collapsed, wiping out billions—but the real winners? Lawyers.
A staggering $948 million in legal fees has been drained from the estate, making this one of the most expensive bankruptcies since Lehman Brothers. While creditors fight for scraps, the legal machine feasts. If this doesn’t prove the dangers of trusting centralized entities with your money, nothing will.
#Bitcoin doesn’t need middlemen—self-custody is the only way to ensure you actually own what’s yours.
A staggering $948 million in legal fees has been drained from the estate, making this one of the most expensive bankruptcies since Lehman Brothers. While creditors fight for scraps, the legal machine feasts. If this doesn’t prove the dangers of trusting centralized entities with your money, nothing will.
#Bitcoin doesn’t need middlemen—self-custody is the only way to ensure you actually own what’s yours.