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TEXXR

Chronicles

The story behind the story

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Hours after announcing an emergency deal with Binance, FTX CEO Sam Bankman-Fried deletes a Twitter thread saying the exchange and assets were “fine”

Cointelegraph Helen Partz

Discussion

  • @_jefflau @_jefflau on x
    Remember that this space is about: “Can't do evil”, not “don't do evil”. Even SBF in the end, who was worshipped by half of this space decided to lie to try and save his own bacon in the end, destroying 1000s that didn't withdraw from FTX. Web3 is about *not* having to trust. htt…
  • @evgenygaevoy @evgenygaevoy on x
    very humbling day, guess that “wishful” part of my handle is just fading away with this event my wrong assumptions were:
  • @tree_of_alpha @tree_of_alpha on x
    Legal advice: If you delete tweets where you blatantly lied like the rat you are you can't get prosecuted for them. https://twitter.com/...
  • @evgenygaevoy @evgenygaevoy on x
    So four pretty logic and/or observation based assumptions. All of them wrong. All PR and Lobbying FTX did turned out to be a higher end version of 3AC yacht. Effective altruism turned out to be PR stunt as well I guess. Lots of smart people turned out to be stupid or fooled
  • @evgenygaevoy @evgenygaevoy on x
    2) If they did something stupid, they could have lost 2-3B most, because Sam would not let them lose more otherwise with all the effective altruism stuff and also only way to lose more is to do absolutely idiotic 3AC level stuff
  • @pledditor @pledditor on x
    @coryklippsten Also very shady for SBF to retweet a random account that implies an airdrop for those that do not withdraw their coins That's the kind of shit the @SECGov needs to go after. An implicit promise that SBF doesnt actually to be held accountable for because he himself …
  • @wclementeiii Will Clemente on x
    Now deleted tweet from SBF assuring clients that FTX could fully cover client assets https://twitter.com/...