The Crapto Thread

The ftx us users are roughly fine.

You could be right, but what gives you any confidence? This seems like a situation where no one has any idea what’s going on. Like, if FTX US’s asset base is largely FTT (which I think is possible), it seems very possible that users will get completely hosed.

Edit: I am bad at interpreting jokes, apparently. Sorry!

I was joking as he wrote numbers are rough. I assume they are all roughy fucked

https://mobile.twitter.com/HowieBTC/status/1590905563692806144

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https://mobile.twitter.com/PurpleNSX/status/1590931837379305472

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For reference: Full (~17min) interview with Caroline Ellison - CEO Alameda Research

https://twitter.com/minigrogu/status/1591104826817249280

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SHE WAS THE CEO?!?!?!?!

Holy shit

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HAHAHAHAHA, I had exactly the same thought. I had no idea why I was watching some video of a college freshman talking about crypto.

Between Twitter and FTX, this has been a fantastically entertaining week or two.

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I have no idea if that source is credible, but if so, things don’t look good.

$9.445 billion of assets, with less than $0.5 billion in cash?

$2.1 billion in Serum? No idea what some of this stuff is, but I’d hate to have an account on FTX right now.

“Semi-liquid” = random assortment of other crypto dogshit?

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Matt Levine picks the worst fucking days to take off. That guy really doesn’t work hard enough for the zero dollars I pay him.

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Also love the $543 million of FTT assets reflecting quasi-equity in this worthless entity.

“Trump to Lose” for $7.3M seems like one of the better bets here tbh.

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Same old story - you don’t get to be SBF in the first place by playing it safe with your winnings.

That’s edited FWIW. It’s kind of dumb because SBF comes off as intelligent, and pausing to get your words right is often a good sign imo.

Skipping around, it seems like the men let her actually talk maybe 5% of the time?

It really has. I’ve been mostly off this site and twitter for productivity reasons. This week is full relapse straight into the 4-day crack bender at Days Inn. By this point I know the hooker’s kids’ names and what they want to be when they grow up.

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Wait is this not a casting couch video

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Oh, of course. Serum seems to be from an exchange that SBF co-founded. Just great stuff all around. No notes.