Stories from the ghosts (employees) of SBF’s past
SBF decimated the markets, let's take a look at the skeletons in his closet. Here's a peak at the stories (first-hand accounts) from the ghosts of SBF's past.
Here's a peak at the stories (first-hand accounts) from the ghosts of SBF's past. The FTX/Alameda situation still has us shook! SBF decimated the markets, let's take a look at the skeletons in his closet:
- An early trader for Alameda Research spoke about the evident mistakes made during their time at Alameda and how there was a clear lack of money coming in both ways:
- Another employee under SBF cited his tyrannical nature as the main reason for the overall collapse of the SBF empire:
- An early FTX market maker tried to provide SBF with some friendly hygiene advice aiding him to look neater when representing FTX, it’s clear he ignored that:
- FTX employees also have recorded accounts of a supposed back-door implementation to the exchange's codebase
This was reportedly led by...you guessed it, SBF in an attempt to swindle auditors and cover the exec's tracks: - The contagion…unimaginable, however, an FTX insider hinted at more centralized exchanges being in major trouble:
- Looking at the internal notes, we can see evidence of FTX hedging and exiting $USDT via multiple trades with no intention of holding assets:
- The return of Su Zhu's significance comes into play as tweets recirculated regarding his concerns about Alameda in 2019 and explains how their pamphlet said “High Returns, No Risk”:
- An anon account added on a forum that SBF was losing money on Japanese arbitrage trades, but this was just another barricade of lies from SBF as he claimed to be profiting:
Outside opinions provide different insights through speculation. Doug Colkitt suggests the scheme of Alameda’s exit plan:
1/ Very rough and speculative sketch of what I increasingly think happened at FTX as more info comes out…
The central question is where did the money go? Yes malfeasance and fraud is necessary, but at one point in the cycle cash actually has to go out the door
— Doug Colkitt (🐊,🐊) (@0xdoug)
Nov 11, 2022
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