Thursday, 03 Apr 2025

Polyamory, penthouses and plenty of loans: inside the crazy world of FTX

Polyamory, penthouses and plenty of loans: inside the crazy world of FTX


Polyamory, penthouses and plenty of loans: inside the crazy world of FTX
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Then you look closer, and it becomes clear that the whole edifice is in fact the corporate equivalent of three children in a trenchcoat pretending to be a fully grown man.

It is a story that encompasses a financial black hole inside a company once valued at $32bn (£27bn), a byzantine group structure with unclear lines of ownership, and a leadership with a highly unconventional approach to governance and interpersonal relations.

In the days leading up to the collapse of the company, Wang, its co-founder, continued to code, making changes to a private repository hosted on coding platform GitHub. Wang has not been available to answer questions about what the urgent programming job was.

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