Discussion

• @pelositracker_ Nancy Pelosi Stock Tracker on x

  BREAKING🚨: SBF used a loophole in the Citizens United rule to donate $37M of “dark money” to Republicans “I donated about the same amount of money to both parties this year ... I just didn't disclose the Republican ones bc the media would freak the f*** out” https://twitter.com/.…

• @cmsintern @cmsintern on x

  Intern notes from SBF interview on: - FTX backdoor 🚪 - Bahamian withdrawals 🇧🇸 - $1/1 for US, $0.25/1 for Intl. 🇺🇸 Wild quotes and much more! @SBF_FTX <> @TiffanyFong_ https://twitter.com/...

• @tiffanyfong_ Tiffany Fong on x

  Audio from my first interview with Sam Bankman-Fried. SBF talks bankruptcy, the alleged “backdoor,” donations to the Democratic Party, Ukraine money laundering rumors, the hack, Alameda's margin position on FTX, using FTT as collateral & more. 👀 https://www.youtube.com/...

• @coffeebreak_yt @coffeebreak_yt on x

  🚨Thread about the exclusive interview with SBF. 👇 1.) Sam claims he gave to BOTH parties equally, but his republican donations were “dark” (hidden). https://twitter.com/...

• @doombergt @doombergt on x

  SBF casually admitting that he routinely had money wired to Alameda because “FTX didn't have banking” is... not smart

• @lib_crusher @lib_crusher on x

  Anyway remember that time Data For Progress flagrantly published a fake poll showing Richie Torres as the only viable candidate against a far right challenger? The same Richie Torres who became SBF's guy in Washington? Would LOVE to hear from D4P about McElwee's role in that http…

• @grdecter @grdecter on x

  He says that he intentionally made Democratic donations publicly because the media has a liberal bias and would be more favorable to him. But he still made donations to Republicans in order to gain influence on both sides of the aisle.

• @tiffanyfong_ Tiffany Fong on x

  In our second phone call, SBF addresses the $8 billion hole, the use of FTX customer funds on Alameda, CZ & the run on the bank. (AUDIO) https://www.youtube.com/...

• @autismcapital @autismcapital on x

  https://www.youtube.com/... A new interview with SBF by @TiffanyFong_ “I don't even know how our system works. I certainly wasn't building a back door.” “There was a fuck up. I was wrong on our balances because of mislabeled accounts. It was an artifact from an old wiring system.…

• @epsilontheory Ben Hunt on x

  SBF personally: max $5,800 to Stabenow (D) and Boozman (R), chair and ranking member of Senate Ag Committee, overseeing CFTC. FTX: $3 million to Schumer PAC, $6 million to Pelosi PAC, $2.5 million McConnell PAC, $1m/yr to lead GOP Senate Banking Committee staffer as lobbyist.

• @epsilontheory Ben Hunt on x

  SBF personal Senate contributions: $26,600+ to @SenStabenow (D) $8,700 to @JohnBoozman (R) $16,600 to @SenGillibrand (D) $5,700 to @CoryBooker (D) All are on Senate Ag Committee (CFTC oversight). All are sponsors and public advocates of “SBF Bill”. https://www.coindesk.com/...

• @heerjeet Jeet Heer on x

  Matthew Yglesias: “SBF is for real... SBF was raised by a leading consequentialist moral theorist” https://slowboring.com/... https://twitter.com/...

• @robertmaguire_ Robert Maguire on x

  It's amazing how wealthy people and special interests keep telling us—or getting caught—using dark money groups exactly how we say they're being used. It's called dark money because the public can't track it, but the politicians benefiting from it know exactly whom to thank https…

• @adamscochran Adam Cochran on x

  2/2 We should applaud and encourage this action all across the political spectrum. SBF admitted this morning that he was donating equally to both sides through different entities, so this isn't a political issue, its something we should all be united in! Fuck his bribes.

• @coryklippsten @coryklippsten on x

  Unreal the lies from this guy Scam Bankster-Fraud https://www.youtube.com/...

• @tier10k @tier10k on x

  Beto O'Rourke returned $1m check from SBF He said the money was returned because the donation was unsolicited. Unlike other large donations, O'Rourke had not talked with SBF prior to the donation, and the large sum took the campaign by surprise. https://www.texastribune.org/ ...

• @zerohedge @zerohedge on x

  SBF: “I told my lawyers to go fuck themselves. I don't think they know what they are talking about. They know what they are talking about in the extremely narrow domain of litigation. They don't understand the broader context of the world.” 15 mins in https://www.youtube.com/... …

• @ryansadams Ryan Sξan Adams on x

  SBF was a stage 3 cancer and we cut him out and we're now in remission. If he persisted much longer it could have been terminal.

• @cryptokaleo @cryptokaleo on x

  SBF's bank account vs. SBF's wallet activity https://twitter.com/...

• @awprokop Andrew Prokop on x

  Here's a transcript of SBF's claim to @TiffanyFong_ @coffeebreak_YT that he gave lots of secret dark money donations to Republicans. (They point out this hasn't been confirmed, though it's tough to confirm it because that's how dark money works) https://www.youtube.com/... https:…

• @heerjeet Jeet Heer on x

  Compare and contrast: Yglesias on what SBF was doing and SBF on what SBF was doing. https://twitter.com/...

• @bitbitcrypto @bitbitcrypto on x

  I listened to the whole interview and that's all I heard tbh, I guess it's because I was looking for an answer to where is my fucking money. you know, like, umm etc etc... Here are the links if you want to (in two parts): https://www.youtube.com/... https://www.youtube.com/...

• @adamscochran Adam Cochran on x

  1/2 No matter your political view, you got to respect that O'Rourke and other campaigns (both dems and republicans) are returning the dirty money that SBF tried to use to buy them off - and hopefully some of it can find its way back to customers. https://twitter.com/...

• @coffeebreak_yt @coffeebreak_yt on x

  3.) Sam fought with his lawyers about his public posts. He says they “chewed him out” and told him “never ever say we f*cked up again” https://twitter.com/...

• @autismcapital @autismcapital on x

  Sam keeps referring to himself as a fucking idiot. He says he was coerced into filing for Chapter 11. He would give anything to unfile the bankruptcy. “FTX US was so fucking solvent that even after we lost $250M to a hack after the bankruptcy we were $500M over.”

• @jimcramer Jim Cramer on x

  Truly the most amazing/pathetic financial story of 2022.. How many people this man hurt... https://twitter.com/...

• @grdecter @grdecter on x

  Sam said FTX's accounting systems were “poorly labeled” which caused him to be wrong on FTX's liabilities and assets by an “embarrassingly large number”. But he insists that this entire fiasco was caused by lazy accounting and internal controls, but not fraud.

• @krugermacro @krugermacro on x

  SBF obviously has 9 figures hidden in crypto https://twitter.com/...

• @ositanwanevu Osita Nwanevu on x

  A: I mean, you can't really believe this, right? Effective altruism? The pandemic donations? He wants good press. And he's shaping crypto regulation. B: No, you don't get it. He means it. Look at his background. When he was in colleg- SBF (grabs mic): I'VE BEEN A BAD, BAD BOY htt…

• @kwharrison13 Kyle Harrison on x

  Ladies and gentleman, the next Mark Zuckerberg we were promised https://twitter.com/...

• @fortunemagazine @fortunemagazine on x

  Sam Bankman-Fried's donations to Democrats are well documented. In an interview released Tuesday, the former FTX CEO said he similarly funded Republican campaigns—but kept it quiet. https://fortune.com/...

• @xrp_productions @xrp_productions on x

  .@SBF_FTX interview w/ @TiffanyFong_ : “Who are you talking to right now, Tiff? Who is it you think you see? Do you know how much I make a year? I mean, even if I told you, you wouldn't believe it. Do you know what would happen if I suddenly decided to stop going into work?” 1/3

• @grdecter @grdecter on x

  Tiffany asked about the alleged “back door” that allowed SBF to take money out of FTX without anyone else at the company being alerted. Sam says that's completely untrue, and says that he actually doesn't know how to code or even use FTX's backend.

• @lilmoonlambo @lilmoonlambo on x

  crypto twitter when SBF gets arrested in New York this week: https://twitter.com/...

• @johnedeaton1 John E Deaton on x

  When you think of the @LBRYcom case, think of making a contribution. Because what the SEC is doing to this small entity is shameful. Let's attack a company over $250K, who is willing to settle and pay any fine, while we meet with SBF who's stealing billions.

• @jbarro Josh Barro on x

  How can you look at the black hole that was the financial statements of FTX and Alameda and still have confidence in the claim that SBF ever had $26.5 billion in wealth?

• @billym2k Shibetoshi Nakamoto on x

  “if no one pointed out the massive criminal financial fraud, insolvency, incompetence, mismanagement, negligence, and bribery, we might have been OK to continue the scam” https://twitter.com/...

• @ianbremmer Ian Bremmer on x

  safest best when you're a billionaire is buy everybody. https://twitter.com/...

• @autismcapital @autismcapital on x

  Sam is framing things as a “fuck up.” and “embarrassing.” The mistakes are framed as out of his control, the markets fault. The little responsibility he does take is mostly “we didn't do things optimally the way we should.” To be expected, obviously he won't admit wrongdoing.

• @grdecter @grdecter on x

  I just listened to the full audio of a phone call with Sam Bankman-Fried, his only recorded interview since FTX declared bankruptcy. Here's what Sam said 🧵

• @smtuffy Sean Tuffy on x

  He's so close to his goal of giving away his whole fortune! https://twitter.com/...

• @wublockchain Wu Blockchain on x

  SBF said in an interview: FTXUS users is expected to get 100% money back, FTX users will get 1/4 8 minutes after signing the bankruptcy, there was a supplement of $4b in liquidity Secretly donates to the Republican Party and is expected to be one of the largest donors

• @jbarro Josh Barro on x

  Media outlets keep repeating a lot of pre-collapse “facts” about SBF when they should be revisiting whether those facts were ever true. https://www.axios.com/... https://twitter.com/...

• @steventdennis Steven Dennis on x

  Who didn't SBF give $$$ to? https://www.semafor.com/...

• @zerohedge @zerohedge on x

  SBF on why he prioritized Bahamanian withdrawals: “The reason i did it... is you do not want to be in a country with a lot of angry people in it.” And with this admission, SBF will take the @dealbook stage tomorrow next to Yellen 12 mins in: https://www.youtube.com/...

• @teddyschleifer Teddy Schleifer on x

  Something in this chain of events doesn't line up. SBF makes $1 million donation in mid-October. Donation is returned by Beto in early November. Rationale for the return is because the check wasn't “solicited”? What does that have to do with anything? https://www.texastribune.org…

• @billym2k Shibetoshi Nakamoto on x

  SBF seems to think crypto bros are big mega dumb, but we're only very dumb, so can't pull this one over on us not sure about the lawmakers though

• @teddyschleifer Teddy Schleifer on x

  I'd believe this — I know there were at least some dark-money contributions by SBF to conservative 501(c)4s. https://twitter.com/...

• @bchappatta Brian Chappatta on x

  Sam Bankman-Fried says FTX US customers should expect to recover 100 cents on the dollar. “You know what the honest answer is? FTX US was so f— solvent that even after losing $250 million to a hack on the way to bankruptcy, it's still solvent.” https://www.youtube.com/...

• @jsrailton John Scott-Railton on x

  Sam Bankman-Fried of the #FTX scandal says he donated ~same both parties. But gave dark money (i.e. hidden donations) to Republican candidates. (If you've missed it, much mileage has been made of the perception that his massive donations only went to democrats) https://twitter.co…

• @texastribune @texastribune on x

  New: Beto O'Rourke returned a $1 million donation from FTX founder Sam Bankman-Fried four days before Election Day, his campaign told The Texas Tribune this week. https://www.texastribune.org/ ...

• @0xtuba @0xtuba on x

  most surprising thing to me here was that SBF “doesn't even know how to code” and he has “literally never opened the codebase for FTX” https://twitter.com/...

• @fluentinfinance Andrew Lokenauth on x

  Easiest way to make $100,000? Start with $16 Billion!!! https://twitter.com/...

• @coffeebreak_yt @coffeebreak_yt on x

  4.) Sam claims reporters just want clicks.. not the “boring” story. He says he's tired of people talking about whether he's polyamorous. https://twitter.com/...

• @icebergy_ @icebergy_ on x

  if sbf wasnt even coding why tf was he methed out all the time?

• @autismcapital @autismcapital on x

  INSIDER: “Nobody here currently knows who Sam's lawyers are. Martin Flumenbaum dropped him. Then his dad supposedly hooked him up with Greg Joseph and David Mills. They dropped him too. Literally at present nobody knows who his lawyers are. We think he doesnt have any right now.”

• @zerohedge @zerohedge on x

  So today was day one of @SBF_FTX “i am too dumb to be a criminal mastermind” world tour. Join us tomorrow for day two when he channels Simple Jack next to Janet Yellen and Zelenskyy at the NYT summit of totally non-criminal folks.

• @tiffanyfong_ Tiffany Fong on x

  To note, SBF expresses remorse in this interview.

• @jsrailton John Scott-Railton on x

  The fact that #SBF's #FTX skirted regulatory scrutiny makes his donations unseemly, wherever they went. And are the billionth reminder that big money is wielded to blunt & discourage oversight. Resulting in losses borne by the victims & often taxpayers.

• @pdmcleod Paul McLeod on x

  SBF threw his money around DC everywhere in an attempt to buy favor and influence. That he was so spectacularly successful should cause a lot of soul searching. https://twitter.com/...

• @wyatt_privilege @wyatt_privilege on x

  You: still embarrassed about missed social cue from ten years ago SBF: “forgot” 10B client funds wasn't his https://twitter.com/...

• @johnedeaton1 John E Deaton on x

  “There was a fuck up. I was wrong on our balances because of mislabeled accounts. It was an artifact from an old wiring system.” @andrewrsorkin I know that you're way too smart and experienced to fall for this nonsense @SBF_FTX is spewing! https://twitter.com/...

• @kerpen Phil Kerpen on x

  Suspect he's got plenty stashed somewhere https://twitter.com/...

• @coffeebreak_yt @coffeebreak_yt on x

  2.) Sam claimed this is because most reporters are “secretly liberal” and he “didn't want to have that fight.” https://twitter.com/...

• @coffeebreak_yt @coffeebreak_yt on x

  5.) None of this would be possible without @TiffanyFong_ who landed this MONSTER interview. She worked with me to release it exclusively, and she posted the full call on her channel as well. I'm gonna save the rest of the story for the video which is live NOW.

• @mdudas Mike Dudas on x

  yes, the billions that @sbf_ftx and his cronies stole is not, in fact, stored in bank accounts will be interesting to learn how many of his lieutenants and business partners were in on the grift https://t.co/cJisSkQigU

• @coryklippsten @coryklippsten on x

  Scam Bankster-Fraud aka @sbf_ftx now says he gave just as much money to Republicans but did it via PACs (dark money). He never had a side. He was just trying to bribe enough people to get the scam “crypto” industry regulated by the CFTC.

• @awprokop Andrew Prokop on x

  And in his interview with @KelseyTuoc he revealed himself as a very cynical operator of the regulatory / political system, so an idea to get social cache / influence from being “a Dem megadonor” while buying GOP goodwill on the downlow does make some sense from that perspective h…

• @zerohedge @zerohedge on x

  SBF on whether he laundered Ukraine crypto donations: “I wish I could have pulled that off. I wish. I don't know why Ukraine is laundering funds for the Democratic Party. I don't know how they would or why they would.”

• @davidrkadler David Adler on x

  SBF will be a billionaire within 5 years because our society is designed for elites to fail upward and frauds to fail all the way up to the heavens https://www.axios.com/...

• @alistairmilne Alistair Milne on x

  Bit more information in this one. It sounds like Alameda must have had a position roughly equivalent to the size of all customer assets on FTX🤡 Because Alameda was set to ‘never liquidate’ there was no other side to the trade who made what Alameda lost https://www.youtube.com/...

• @alistairmilne Alistair Milne on x

  Trying to listen to this and it is *painful* @SBF_FTX talking about FTX as if it is a hedge fund that was caught in a bad trade Why is no-one asking “where did customer BTC go - did you sell it?” or “Why were you trading customer assets?” https://www.youtube.com/...

• @mattgarrahan Matthew Garrahan on x

  😬😜🤪 https://twitter.com/...

• @sarahoconnor_ Sarah O'Connor on x

  Jaw-dropping details in this piece from @nikasgari and @joshckoliver https://www.ft.com/...

• @sindap Sujeet Indap on x

  Goldman Sachs meal allowance: $30 FTX meal allowance: $200 https://www.ft.com/... https://twitter.com/...

• @epicureandeal @epicureandeal on x

  A minor point, among the chaos, but illustrative to US readers: “Staff at FTX US, its separate arm for the American market, were allowed $200 a day in DoorDash food delivery credits.” $200/day?! What were they delivering, drugs? https://www.ft.com/...

• @fintechfrank Frank Chaparro on x

  “FTX also provided Bahamas staff with a ‘full suite of cars and gas covered for all employees [and] unlimited, full expense covered trips to any office globally,’ the employee added. Staff at FTX US were allowed $200 a day in DoorDash food delivery credits.”

• @nouriel Nouriel Roubini on x

  Lavish spending is standard in ALL crypto projects. 97% of 20k ICOs were a scam &/or went bust. Billions raised was mostly used to buy villas, boats & planes in the Caribbean/Florida & pay for $500k champagne parties in Miami strip clubs, “massages” & evade taxes in PR/Caribbean …

• @prasannavishy Prasanna Viswanathan on x

  Sordid FTX saga. https://www.ft.com/... https://twitter.com/...

• @katie_martin_fx Katie Martin on x

  a private plane for Amazon deliveries, bi-weekly massages, a $55k bar bill and a boat called “Soak my Decks”. @nikasgari and @joshckoliver on the madness of the court of SBF https://www.ft.com/...

• @emmavj Emma Jacobs on x

  😳but also😏 Bankruptcy filings describe a haphazard expenses system. “Employees of FTX Group submitted payment requests through an online ‘chat’ platform where a group of supervisors approved disbursements by responding with personalised emojis.' https://www.ft.com/...

• @mattgarrahan Matthew Garrahan on x

  FTX executives chartered private planes to fly their Amazon deliveries from Miami to the Bahamas - new from @nikasgari and Josh Oliver https://www.ft.com/... https://twitter.com/...

• @antoniabmassa Annie Massa on x

  This detail about Alameda's $55k bar tab at Margaritaville Beach Resort in Nassau...!! 🤌 “A 'Who's To Blame' margarita at one of the resort's bars costs $13.” @nikasgari @joshckoliver https://www.ft.com/...

• @lawmaster Larry Cermak on x

  There were signs https://99designs.com/... https://twitter.com/...

• @nikasgari Nikou Asgari on x

  “Kids leading kids” Inside the lavish spending at FTX - featuring private planes to deliver Amazon parcels, in-house massages, DoorDash credits, million dollar properties and more @FinancialTimes story with @joshckoliver https://giftarticle.ft.com/... https://twitter.com/...

• @edcaesar Ed Caesar on x

  Many things the world can learn from the downfall of FTX, and SBF. One takeaway is that their expenses system was undeniably awesome, and should be implemented everywhere. (This whole piece is wild. Alameda owes 55 grand to Margaritaville, Nassau.) https://www.ft.com/...) https:/…

• @katie_martin_fx Katie Martin on x

  @nikasgari @joshckoliver oh, and a $13 margarita called “Who's to blame”. You genuinely could not make this stuff up

• @antoniofatas Antonio Fatas on x

  The more we learn about FTX the more one has to wonder about what “due diligence” means for large institutional investors. https://www.ft.com/...

• @fascinatorfun @fascinatorfun on x

  SBF: “Behind the grand promises was an environment where employees' every need was catered for, and where a circle of senior executives in their late twenties and early thirties splashed millions of dollars on everything from travel to sport sponsorship deals and luxury homes” ht…

• @rvvargas Ricardo Vargas on x

  Good lesson to know exactly what lack of governance means for a company! So sad for those who believed in FTX https://twitter.com/...

• @durkveenstra Durk Veenstra on x

  A private plane for Amazon deliveries to the Bahamas... Etc etc. (It was) “kids leading kids” #FTX https://www.ft.com/...

• @etheraltog @etheraltog on x

  lmfao https://www.ft.com/... https://twitter.com/...

• @lawmaster Larry Cermak on x

  Ofc Trabucco named his boat “Soak my deck” because why wouldn't he https://www.ft.com/... https://twitter.com/...

• @jgreco Jim Greco on x

  So insane, the first thing you set up in a trading firm is a system for P/L attribution https://twitter.com/... https://twitter.com/...

• @bennetttomlin @bennetttomlin on x

  Alameda Research's reputation was at no point “pristine”. Even earlier this year many had warned that there were conflicts of interest, and multiple users had publicly reported FTX deposits being routed through Alameda (the kind of thing a bank should care about) https://t.co/ImX…

• @bennetttomlin @bennetttomlin on x

  “Our trading system is fast” “Is it good?” “We can tell you how fast it is” https://twitter.com/...

• @dsquareddigest Dan Davies on x

  I think “he set up a trading system but rejected the idea that it should keep track of gains and losses”, if accurately quoted, is pretty difficult to reconcile with having ever had any good faith intention to run a business. https://twitter.com/...

• @charlesforelle Charles Forelle on x

  2018 —> Years before Sam Bankman-Fried's crypto empire collapsed, a group of employees quit after becoming concerned about what they say was his cavalier approach to risk, compliance and accounting via @GZuckerman https://www.wsj.com/...

• @morganricks1 Morgan Ricks on x

  As a great philosopher once said, “did you hear my covert narcissism I disguise as altruism” https://www.wsj.com/...

• @smtuffy Sean Tuffy on x

  I don't get how he gets to keep saying this unchallenged. because, you know, HE STOLE HIS CUSTOMERS' MONEY https://twitter.com/...

• @smbrnsn Sam Brunson on x

  Every new revelation I assume we've reached the bottom. And every new revelation I learn that SBF was even worse than we knew before. https://twitter.com/...

• @joshua_t_white Josh White on x

  @GZuckerman “According to documents written by Mr. Bankman-Fried, dated 2018 and viewed by the Journal, Mr. Bankman-Fried acknowledged that Alameda's lack of accounting and risk controls led to trading losses.” This does not bode well for the “but I don't code” defense.

• @wsj @wsj on x

  Sam Bankman-Fried faced an employee exodus at his Alameda firm years before his crypto empire collapsed. Staffers said his approach to risk concerned them. https://www.wsj.com/...

• @gzuckerman Gregory Zuckerman on x

  NEW from me: Years before Sam Bankman-Fried's crypto empire collapsed, a group of employees quit after becoming concerned about his cavalier approach to risk, compliance and accounting. https://www.wsj.com/...

• @smtuffy Sean Tuffy on x

  In case you're inclined to buy some of SBF's latest nonsense, you should read this https://www.wsj.com/...

• @smtuffy Sean Tuffy on x

  I mean ... https://t.co/zj9btVToxW