FTX "insurance fund" calculated by multiplying trading volume by random number
I was ready to reply with an “<i>um actually</i> it is an <i>arbitrary</i> number” but… no… it is literally a random number. How did someone commit that and sleep at night?<p>It’s amazing that some people still defend SBF. Among his sycophants is  Michael Lewis, author of Moneyball, The Big Short, and now “Going Infinite” which somehow manages to gloss over the rampant fraud happening at FTX since inception.