On his newly-launched blog, SBF maintains he did not steal customer funds & that FTX US is 100% solvent.
Here’s the link if you’re curious.🤷🏻♀️ sambf.substack.com
1/ How do we explain FTX's $10 Bn in losses? Where did the $2 Bn in venture funds go?
My working hypothesis is that FTX was a fraud even prior to recent events and as far back as 2021.
#SBF will go down in history as a fraud larger than Bernie Madoff. 🧵
Sadly we cannot outcompete multibillion VCs who copy-paste our architecture and code (open source, right?).
@AkulaApp is winding down and I'll be taking a break from Ethereum core dev for the foreseeable future.
NEW ARTICLE: JAIL CAN'T STOP THIS INNOVATOR FROM DREAMING BIG.
Mainstream media coverage of the FTX scandal has left many scratching their heads. What's the game here, fellas? And who benefits from painting SBF as a thief with a heart of gold?
dirtybubblemedia.substack.co…
How many signs did we miss re: FTX and Alameda? 😱 Kevin Zhou of @Galois_Capital talks about discussing accounting systems with Alameda pre-FTX launch, and the...weird things that, looking back,😑📉 potentially foretold a disaster.
Watch the full episode: youtube.com/watch?v=QG6dM58w…
I was the first VC to try to invest in SBF, 4 years ago, well before FTX had even launched. I shared some of my story with CNBC, but there is more - a lot more.
Here's what I learned, and why I passed on investing based on suspicion of deception and reckless risk-taking.
I just read FTX's Chapter 11 First Day Affidavit.
In it, the appointed restructuring CEO John Jay Ray III, who oversaw Enron's bankruptcy proceedings, calls FTX's case the worst of his career.
Its contents are shocking.
Here are the highlights:
👇
The Definitive Thread on FTX
I met SBF before FTX started, and witnessed their rise and fall. I can't stand @nytimes's puff piece.
If anyone wants to know what happened, send them this.
BREAKING: FTX had a “backdoor” built into its accounting software by SBF, which he used to move billions without triggering alerts to other staff, auditors etc - Reuters
Did you know: Alameda CEO @carolinecapital's Dad, Glenn Ellison is the Department Head of Economics at @MIT?
And...
Prior to getting appointed to the SEC, @GaryGensler was a Professor for the Practice of Global Economics & Management at @MIT...
So essentially:
Gary 🤝 Glenn 🤯
Would you like to hear disgraced crypto exchange FTX compliance officer Daniel Friedberg trying to coverup the Ultimatebet (UB) poker cheating in 2008, and his attempt to hatch a plan to underpay victims? Sure you do.
Check out this video: youtube.com/watch?v=hFfcouiM…