The FTX story keeps getting crazier every day 🤯 Here are 6 shocking new details that just came out👇🏼 (1) Sam Bankman-Fried’s (SBF) parents own a $16.4 million vacation home in the Bahamas🇧🇸. They are both successful professors at Stanford but the average total pay there is around $185,000 per year. It’s hard to imagine they didn’t get some help from their former billionaire son in affording such a home 👀 (2) One home clearly wasn’t enough as SBF’s parents purchased 19 properties worth at least $121 million in the Bahamas over the past two years. Effective Altruism at its finest? 🤔 (3) FTX and Alameda Research lost $3.7 billion before 2022. The fact they lost staggering amounts of money even during the bull market destroys the image SBF was a genius and that his companies were highly profitable. In reality, they were losing lots of money while likely funding everything with new customer deposits 💸 (4) Digital asset brokerage Genesis received over $1 billion from Alameda and FTX in the last 3 months. All in FTT, FTX native token 🤡 The company is now trying to secure new capital and warns of bankruptcy without new funding. This could cause ripple effects on the whole industry 🌪  (5) Sports stars Tom Brady and Steph Curry are being investigated for promoting FTX 🚨 (6) US prosecutors opened a secret probe of FTX months before its collapse. It’s yet unclear why nothing has been done to prevent the crash 💥  This seems to never end and the rabbit hole just keeps getting deeper and deeper on the FTX mess. The worst part is that the damage in investor confidence that SBF and FTX have created will cost trillions. #DANK MEMES