- 2,911
- Columbus, Ohio
Considering how many times pension funds, church investment plans and the like have been put into the hands of clearly dodgy investors who then "invest" the money in their own lifestyle and disappear, I can't say I'm all that surprised.Some investors on FTX, however, have not been quite so fortunate, including the Ontario Teachers Pension Plan... I mean, seriously?? Imagine gambling a pension pot on a crypto exchange...
Depending on when the money was put in it most lilkely seemed like the next sure thing (like housing was a decade ago, and the Internet was before that), but just like Homer putting all his money into pumpkins and forgetting to cash out before Halloween, whoever was managing the fund didn't see that it was obviously time to get out and got crypto-crapped on.