My Presentation
Test
10 Matching Annotations
- May 2025
-
www.phy.bnl.gov www.phy.bnl.gov
-
- Dec 2022
-
www.bloomberg.com www.bloomberg.com
-
“What’s the difference between these two rows here?” he asks.“You didn’t have $8 billion in cash that you thought you had,” I say.
lol, this exchange. How is Zeke so credulous here?
Once gain begging journalists to go in with the knowledge of whats already been reconstructed up to this point, including from what Sam has said earlier.
-
We know FTX/Alameda operated under basically a ~flywheel mechanism where they lent out liquidity to each other on demand in terms of their own tokens and then levered up based on that.
-
The justification for the claimed 8 billion dollar hole was in direct contradiction to FTX's terms of service!
The only concrete thing Zeke seems to be aware about is the Alameda/FTX backdoor. idk man, if you also knew the above instead I don't think you'd spend 11 hours just going "so whats the problem then" on what Sam says is a well collateralized balance sheet apart from the row saying "unlabeled fiat@ account - 8b$" or whatever
-
-
The author Michael Lewis, who’s working on a book about Bankman-Fried, praised him in a fawning interview onstage. “You’re breaking land speed records. And I don’t think people are really noticing what’s happened, just how dramatic the revolution has become,” Lewis said, asking when crypto would take over Wall Street.
lol, was calling this in a private discord. Michael Lewis is the luckiest guy on the planet that FTX burned down before he released his book
-
“You were all aware there was a chance this would not work,” I say.
it wasn't that this wouldn't work! his stated reasoning is he mixed up the accounting allowing customer funds to leave from one end and appearing on Alameda's side on the other end. Doesn't matter if this sorted out Alameda's position or not
-
I thought the downside was not nearly as high as it was
How is it possible that he thought this?! The downside of Alameda getting margin called to FTX wasn't high?! Someone rub my face into the dirt, because this is an absolutely insane rationalization.
-
“Where did the $8 billion go?”
Somehow I am forced to feel glad Zeke managed to ask this very very basic but still unanswered question
-
$4 billion for venture capital investments
half of customer money in VC investments lol. This fucking guy. Truly committed to incinerating money, I respect it tbh
-
I tell Bankman-Fried my theory about his motivation, sidestepping the question of whether he misappropriated customer funds. Bankman-Fried denies that his world-saving goals made him willing to take giant gambles.
again, Zeke, if you just knew what we already knew about what was happening, I promise you that you'd have a different theory.
-
You had a rule on your platform. You didn’t follow it,”
someone punch me in the face
-
only kibitzing on parts of the discussion.
right, of course
-