FTX
Cryptocurrency exchange
Valuation at Death
$32 billion
Money Burned
$8 billion customer funds
Body Count
300 employees
Lifespan
1095 days (3 years)
☠️ Official Cause of Death
Excel spreadsheet went brrr
Managed billions on QuickBooks. Loaned customer funds to hedge fund. Oops.
Epitaph
Effective Altruism, Ineffective Accounting
Here lies SBF's empire of math
Turns out the ledger really matters
Famous Last Words
"I'm really good at League of Legends during investor calls"
"QuickBooks can handle $8B, right?"
💡 The Lesson
Maybe use actual accounting software for billions
I Was There Too
Raise your hand. Be honest. We all fuck up.
No one has confessed yet. Be the first to raise your hand.
Were you part of this? Did you use it? Raise your hand:
Enjoyed Reading About FTX's Death?
Cool. Now be a human and admit a time you've fucked up.
You just read about someone else's failure. Maybe it's time to share yours? You might leave here with a friend who made the exact same mistake.
Fine, I'll Share My Failure