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TEXXR

Chronicles

The story behind the story

days · browse · Enter similar · o open

[Thread] A detailed timeline of FTX's meltdown, starting in September: SBF's jab at CZ, CoinDesk's article, CZ sells FTT, “FTX is fine”, Alameda woes, and more

Adam Cochran / @adamscochran :

@adamscochran Adam Cochran

Discussion

  • @basedkarbon @basedkarbon on x
    Sam has liked only one tweet in the past week https://twitter.com/...
  • @rockshrimp @rockshrimp on x
    TL;DR: no the entire financial regulations system was not developed decades ago for no reason whatsoever because the govt hates you. https://twitter.com/...
  • @kadhim @kadhim on x
    FTX says that Bankman-Fried didn't include customer liabilities in FTX's financial statements (!) https://pacer-documents.s3.amazonaws.co m/ ... https://twitter.com/...
  • @emilyjnicolle Emily Nicolle on x
    this @crypto graphic tho https://twitter.com/...
  • @doombergt @doombergt on x
    What a spectacular and disturbing thread. A must read. https://twitter.com/...
  • @adamscochran Adam Cochran on x
    39/82 We now know, that at this time, SBF was trying to do an “emergency fundraise” of $6B-$10B with weird frantic terms. The rumors of this raise began to spiral - but no one really believed the price tag. https://twitter.com/...
  • @adamscochran Adam Cochran on x
    10/82 Over the coming days, Sam was erratic, aggressive and insulting to just about everyone. It's also where he made his now infamous jab at Binance CEO CZ about not traveling to DC. https://twitter.com/...
  • @benedictspence Benedict Spence on x
    Do not be put off by the length of this thread. This isn't a complex, jargon-heavy story about abstract magic internet money. It's about one of the biggest swindles in history, and the guy who, having bought media and political influence, might actually get away with it. https://…
  • @adamscochran Adam Cochran on x
    2/82 Sept 30th, 2022: On September 30th, I noticed an odd behavior, that while other exchanges were declining in their Ethereum “open interest” (amount of futures contracts bought on leverage) FTX was not. It was at an all time high: https://twitter.com/...
  • @adamscochran Adam Cochran on x
    35/82 On the night of the 7th, the price of Solana, one of Alameda's other biggest holdings began to drop. Someone was rapidly selling the Solana token in order to prop up the price of FTT at $22. But then all at once, the price fell. https://twitter.com/...
  • @loopifyyy @loopifyyy on x
    1/ FTX went from one of the biggest Crypto companies in the world worth $32B, to bankrupt, all in a week. And, it all started on Twitter. Let's go through each day of this crazy story.
  • @karen_stenner @karen_stenner on x
    Holy hell. The whole SBF story here. What an absolute sociopath. What a disgrace. https://twitter.com/...