To make it brief, in the days leading up to FTX’s bankruptcy on Nov. 11, 2022, SBF was frantically trying to shore up a gigantic hole in his company’s balance sheet by raising funds basically from anyone he could. This reportedly includes everyone from Silicon Valley VCs, Saudi money men and even SBF’s archrival ex-CEO of Binance Changpeng Zhao (who reneged on a handshake buyout deal after reviewing the state of FTX’s finances, only speeding up the ongoing run on the exchange).
The Week Ahead: Delta Earnings, Inflation Data, and Oil Prices in Focus as Iran War Continues
TLDR March CPI and February PCE reports due this week, first inflation reads since Iran war began US added 178,000...
