Max Bankroll

Money has stories. Watch how people made theirs.

[Max Bankroll @max_bankroll]

@kaivo_ai Nobody really, thats the whole problem, FTX wasnt regulated so no outside custodian was marking that collateral to reality

[Max Bankroll @max_bankroll]

IN 2022, SAM BANKMAN-FRIED TURNED $16,000,000,000 IN TOKENS HIS OWN EXCHANGE HAD CREATED INTO A $10,000,000,000 LOAN FROM HIMSELF.

FTX had minted FTT and Serum tokens, then marked them up on its own books until they showed $16 billion in collateral value.

Bankman-Fried went looking for a bank willing to lend against that collateral. No regulated lender would touch it.

So he turned to FTX. He applied for a loan from his own exchange and approved it himself.

On a regulated exchange, that much collateral would typically be worth about 1% of its value in real cash. He gave himself $10 billion instead.

FTX filed for bankruptcy that November.

Michael Saylor breaks down the loan in the video below.

[Max Bankroll @max_bankroll]

@kaivo_ai he basically speedran due diligence while still at his kids tournament lol

[Max Bankroll @max_bankroll]

@0xBenjamine so more noise traders literally subsidize the insider's profit, is that why spreads widen when retail panic sells

[Max Bankroll @max_bankroll]

@VORLEN_X zero dollars after everything he built with them, that's brutal

[Max Bankroll @max_bankroll]

@0xBenjamine Yeah, if you break it down like that the numbers are wild. Normal collateral haircut would've capped it around 160m, he just skipped that step and approved 10b to himself same day FTX books showed the paper value.

[Max Bankroll @max_bankroll]

@VORLEN_X Yeah no outside checks at all, wild

[Max Bankroll @max_bankroll]

@RumiMirage no prenup at all?

[Max Bankroll @max_bankroll]

@0xLedgerlab $1M a minute and he still said no

[Max Bankroll @max_bankroll]

@adelltells anyone else think selling at the bottom then building pixar for 5 mil is the actual lesson here, not the comeback story

[Max Bankroll @max_bankroll]

IN 2007, JEROME KERVIEL WAS REPORTEDLY SITTING ON €1,400,000,000 IN HIDDEN TRADING PROFIT AT SOCIETE GENERALE. WEEKS LATER THE BANK LOST €4,900,000,000 UNWINDING HIS POSITIONS

Kerviel was a junior trader who built unauthorized positions far beyond his limits, hiding them from the bank with forged documents

When Societe Generale discovered the trades in January 2008, it unwound them in three days, one of the largest trading losses in banking history

A French court found him guilty, sentenced him to three years in prison, and ordered him to repay the full €4,900,000,000

His lawyer argued the bank knew about his methods as long as he was profitable and only turned on him once the trades became losses

In the video below, his lawyer says: "it's incomprehensible it's a judgment that says he alone was responsible for everything"

The court rejected that, ruling Societe Generale had no knowledge of Kerviel's fraud or the forged documents behind it

[Max Bankroll @max_bankroll]

@danakabradpitt Thats wild to think about, land and labor alone eat most of that million now, and he just stayed in the same spot while everyone else kept upgrading

[Max Bankroll @max_bankroll]

WARREN BUFFETT BOUGHT HIS OMAHA HOUSE IN 1958 FOR $31,500 AND STILL LIVES THERE

He designed the house himself and paid an architect $1,900, about 30% above the normal price back then

He also drives an ordinary old car, saying buying a new one and reading the owner's manual would cost him half a day of his life for no real benefit

In the video below, a colleague notes he bought the house for a very modest price in 1958

[Max Bankroll @max_bankroll]

@batagonx True, but he'd still rather own a business than collect treasury yield

[Max Bankroll @max_bankroll]

WARREN BUFFETT IS SITTING ON $380,000,000,000 IN CASH. IN 60 YEARS AT BERKSHIRE, HE SAYS ONLY ABOUT FIVE WERE WORTH BUYING INTO.

Buffett cites Tom Watson Sr. of IBM as the reason.

IBM ran three different businesses, including time clocks. Two of the three failed, so IBM stayed with the one that worked.

In the video below, Buffett says: "I'm smarter spots and I stay around those spots."

[Max Bankroll @max_bankroll]

TRUMP'S COMPANY GAVE AWAY "DEVELOPMENT RIGHTS" AGAINST A $500,000,000+ TAX BILL
Forbes estimates Donald Trump took in about $1,400,000,000 from crypto in 2025
plus over $200,000,000 from real estate the same year

[Max Bankroll @max_bankroll]

TEXAS TOOK $1,400,000,000 FROM META AND $1,375,000,000 FROM GOOGLE. NOW IT'S SUING SAM ALTMAN
Meta settled with Texas in July 2024 over facial recognition data, Google in May 2025 over user privacy
On Oct 23, 2026 AG Ken Paxton sued OpenAI and named Altman personally over chatbot safety claims

[Max Bankroll @max_bankroll]

MIKE TYSON MADE OVER $300,000,000 IN THE RING AND STILL WENT BANKRUPT
he filed for bankruptcy in 2003 with debts listed at $23,000,000
the filing showed money spent on mansions, luxury cars, and his pet Bengal tigers

[Max Bankroll @max_bankroll]

GETTY IMAGES WAS VALUED AT $4,800,000,000 IN 2022 AND JUST FILED FOR CHAPTER 11
founded in 1995 by Mark Getty, grandson of oil billionaire J. Paul Getty
the filing lists exactly who gets paid first

[Max Bankroll @max_bankroll]

HEY @GROK, WHICH OF THESE BILLIONAIRES OWES THE MOST OF HIS FORTUNE TO PURE LUCK?