Check out this Twitter thread if you’re not sure that FTX did something seriously illegal and/or unethical.
ETA: It was written by “former Head of Institutional Sales at @ftx_official” who still had access to FTX internal Slack until very recently. And you can check out his followers to verify that it’s not an impersonation.
Yeah I’m definitely not sure, but I’m also doubting much anything I read on twitter will make me as sure about any of this as many others seem to be (although that thread is interesting). I have no stake in this saga; for all I know SBF is guilty of all those claims and more, but I just don’t think the public info is very reliable in general and especially right at this moment.
Also, I suggest applying some Bayesianism: if FTX had not touched customer funds, wouldn’t you expect to see FTX people defending against such accusations on Twitter and other media, e.g., replying to the tweet I linked and responding to journalists’ requests for comments? I’m not seeing anything like that.
FTX might be at a point where the general strategy is “Don’t say anything for legal reasons” even if there are arguments worth to be made in its defense.
Check out this Twitter thread if you’re not sure that FTX did something seriously illegal and/or unethical.
ETA: It was written by “former Head of Institutional Sales at @ftx_official” who still had access to FTX internal Slack until very recently. And you can check out his followers to verify that it’s not an impersonation.
Yeah I’m definitely not sure, but I’m also doubting much anything I read on twitter will make me as sure about any of this as many others seem to be (although that thread is interesting). I have no stake in this saga; for all I know SBF is guilty of all those claims and more, but I just don’t think the public info is very reliable in general and especially right at this moment.
What about this WSJ story?
Also, I suggest applying some Bayesianism: if FTX had not touched customer funds, wouldn’t you expect to see FTX people defending against such accusations on Twitter and other media, e.g., replying to the tweet I linked and responding to journalists’ requests for comments? I’m not seeing anything like that.
FTX might be at a point where the general strategy is “Don’t say anything for legal reasons” even if there are arguments worth to be made in its defense.