FTX pre-mortem overview

Yep, I believe he truly believes his own BS. Like probably the rest of the crypto scene.

And, like, well, increasingly huge portions of the whole damn country and world these days? It's a make-your-own-self-serving-facts world.

But yeah, I think he truly thinks he's some kind of a victim here, of some kind of a takedown of a solvent FTX that wasnt' doing anything different from most everyone else in the space (that might very well be true?!? it's a space built on BS and playing fast and loose). And probably truly feels bad for those who got screwed by it. He just doesn't see how it's anything he's responsible for. Isn't this the way all those people getting rich got rich, isn't this just how it's done? Isn't that "disruption"? He may not be wrong.

What is with his parents. Is he locked in his room playing video games. Do they have any idea what he is doing. I think he has a brother close to his age. How can these people stand by and let a family member make such idiotic choices.

This is why the Silicon Valley people advising Zuckerberg have opted to keep him from having to testify in a federal trial on multiple occasions. Being truthful is not something these kids can do well and anyway the truth is far too dangerous for "tech" companies.

He has no objective capability anymore to be self aware, and it's made worse with prescription drugs.

When the feds come knocking on your door asking about several billion dollars going missing, and you let yourself do the talking via blogs and interviews versus your team of lawyers, you have absolutely lost your mind. Certainly don't add adderral or alcohol, or anything to the mix. Go into a small dark room and smoke some weed you junkie crook. Keep quiet, your inner circle already ratted on you. Have some respect for the $250 million your parents scourged up to bail your stupid ass out, reprehensible fuck.

But I disagree with your advice to "stop talking". We need everyone to keep talking. We need to change the justice system. It needs to be more transparent, more honest, better at quickly getting to the truth.

I don't necessarily know what the solutions are, but I am going through a court case Pro Se right now and have seen first hand what a cess pool it has become, and it makes me sad for our country, and we need to start fixing it.

Keep talking SBF.

> If FTX had been given a few weeks to raise the necessary liquidity, I believe it would have been able to make customers substantially whole

It sounds like he's saying "if we just had time to find new bag holders, our customers wouldn't be screwed!"

> FTX US remains fully solvent and should be able to return all customers’ funds. FTX International has many billions of dollars of assets, and I am dedicating nearly all of my personal assets to customers.

The impression I get from them isn't "oh this is a really unlucky guy" though, it is "oh this guy is quite a skilled manipulator".

I also liked when he did a Good Morning America interview and looked like a schoolkid who was caught cheating and tried really hard to look like they're sorry: https://twitter.com/sracka_omacka/status/1602469299113066496

He’s high as fuck on Adderral right now. The Adderral high can make you feel like the dumbest shit you are doing is the most brilliant thing in the world.

It feels like he's trying to salvage his reputation with people like us, or at least some of the web3-adjacent people who hang out on forums like this; this stuff won't convince lawyers or a jury or people who analyze for fraud. But it might convince people who were/are crypto enthusiasts and looking to see legitimacy restored and reputations untarnished.

It's a bit sad.

I don't know if you were referring to the following part of the article, but, in case others are missing the context:

>>Nearly all of my assets were and still are utilizable to backstop FTX customers. I have, for instance, offered to contribute nearly all of my personal shares in Robinhood to customers–or 100%, if the Chapter 11 team would honor my D&O legal expense indemnification.

So here he's claiming that he wanted the Robinhood shares to be available to FTX creditors, even as he's previously made a motion to claim them as his own.

Re your tweet - are you one of those people who believe a covid vaccine caused that player to collapse? You realise athletes have seemingly randomly or spontaneously collapsed many times before Covid 19 was even discovered - often when they weren't even hit, as Hamlin was.

Though if recruiter-spam on LinkedIn is a measure of anything, those legs are a bit shorter than they were 6 months ago.