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FTX Scandal

Zarna Joshi
2 min readNov 24, 2022

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What do we learn from this?

A color picture. 3 white men sit on chairs on a stage. The 2 older white men are dressed in suits and holding microphones. The younger white man is dressed in a tshirt and shorts and is wearing a microphone headset. Behind them is a blue background with “FTX” and other letters emblazoned on it in a horizontal pattern.
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What do we learn from the FTX ponzi scheme that has rocked the crypto currency world?

Lots of things, many of which should have been obvious long before this scandal ever took place.

  1. Never believe rich people who call themselves “philanthropists”. Philanthropy is a scam. That was your first clue.
  2. Never believe rich people who support imperialists and Nazis.
  3. Never believe rich people who tell you they’re helping a war zone by sending more weapons.
  4. Never believe rich people.
  5. Never believe Nazis.
  6. Never trust white men with your money.
  7. Never trust anything these two men tell you to believe:
3 white men sit on chairs on a stage. The 2 older white men are dressed in suits and holding microphones. The younger white man is dressed in a tshirt and shorts, wearing a microphone headset. Behind them is a blue background with “FTX” and other letters emblazoned on it in a horizontal pattern. Added by me in red is “Do Not Trust” written with arrows pointing to the heads of the older men (Tony Blair and Bill Clinton), and “Ponzi Scheme Philanthropist” with arrow pointing to 3rd man who is SBF.
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Article Headline and subheading in black font on a white background. Headline reads: “Ukraine Partners With FTX, Everstake to Launch New Crypto Donation Website”. Subheading reads: FTX is converting crypto contributions to Ukraine’s war effort into fiat for deposit at the National Bank of Ukraine.” Article is dated March 14, 2022 at the bottom left. The words “Ukraine” “With FTX” “New Crypto Donation” “Ukraine’s war effort” and “National Bank of Ukraine” are underlined in red by me.
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There’s plenty more to learn from this. But let’s get the basics locked down first, yeah? Yeah.

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Zarna Joshi
Zarna Joshi

Written by Zarna Joshi

Writer, organizer, spiritual activist, anti-imperialist, decolonizing smasher of the patriarchy. zarnajoshi.com https://buymeacoffee.com/zarnajoshi

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