Did Drugs, Counterfeit Money, and Office “Slumber Parties” Cause the $32 Billion Crypto Explosion?

Did Drugs, Counterfeit Money, and Office “Slumber Parties” Cause the $32 Billion Crypto Explosion?

A desperate last-minute Excel spreadsheet touted to investors before the bankruptcy filing is certainly consistent with drug-induced indifference. The balance sheet contained an $8 billion entry simply described as “a hidden and internally mislabeled ‘fiat’ account.” Fiat refers to traditional currency. How chaotic the operation was last week when John Ray, the insolvency attorney who …

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