The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 16 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Calacanis: Kevin O'Leary received $15 million to represent FTX
“Kevin O'Leary who calls himself Mr. Wonderful was on CNBC trying to defend the fact that he was given This is stunning, by the way, 15 fucking million dollars to be a spokesperson for FTX.”
Sacks: Semafor framed FTX as bank run after taking SBF's money
“And then Semaphore, who was on the take, who received millions of dollars in his money, said it was a run on the bank.”
Chamath: Regulators will investigate top VCs over unregulated token sales
“So if the SEC is really, and the DOJ is really going to take this FTT token issue seriously, and what happened to FTX? They're going to start to look at a bunch of other tokens and token sales, and you're going to end up looking at some very well-known venture…”
CZ: Binance fully exited FTX in July 2021, 18 months before collapse
“The deal was finalized and the transfer was done in July, 20, 21. And this is like a full year and a half before they had issues.”
Calacanis: SEC will increase crypto token prosecutions after FTX collapse
“And I think there'll be a subsequent domino to fall, which is Now that Gary G, head of the SEC, has FTX and the FTT tokens as the grift, he's gonna go down the list of other tokens and he is going to start doing more prosecutions of grifts in crypto.”
Sacks: Bankruptcy filing shows Alameda had FTX auto-liquidation disabled
“It was also the fact that, and this is from the bankruptcy filing by the new, the Enron trustee guy. He specifically said that Alameda, unlike every other margin account on the platform had the auto liquidation provisions turned off.”
Sacks: Sam Bankman-Fried secretly loaned himself $1B off the balance sheet
“He loaned himself, like, this is just one data point. He loaned himself a billion dollars, and he loaned the head of engineering, five hundred million dollars off the balance sheet.”
SEC Chair Atkins notes CFTC-regulated LedgerX protected customer funds during FTX collapse
“There was one part of FTX that didn't implode with the rest of it. And that was their investment in a swaps trading platform called ledger X was, which was supervised by the CFTC and examined and they had they had their accounts segregated and all that. So no …”
Calacanis: FTX managed billions of dollars with no board of directors
“You cannot put a company like this, you know, in business with billions of dollars and have no board of directors.”
Armstrong: FTX did about $1B in revenue in 2021
“At that time, FTX did about one billion in revenue.”
Armstrong: Coinbase customer funds are segregated and backed 1-to-1
“We're a public company. We're regulated. Our financial statements are audited. They can show that, you know, customer funds are segregated. They're backed one to one. We're not investing customer assets without their explicit direction.”
Sacks: FTX depositors will receive $16 per Solana token in bankruptcy
“If you had left your Solana at FTX, you're gonna get 16 dollars per token back, and that apparently was the price at the time that they went under.”
Armstrong: Coinbase had no material exposure to FTX, Alameda, or FTT
“And I again, just for the sake of clarity, I should say that Coinbase did not have any material exposure to Alameda FTX or FTT token.”
Calacanis: FTX selling majority Anthropic stake for $884 million
“FTX is also selling the majority of its stake in Anthropic. For eight hundred eighty four million to Mubadala, the sovereign, one of the sovereign wealth funds from the UAE, and other investors”
Calacanis: FTX lost $8B for customers, $1.7B for investors, $1.3B for lenders
“FTX customers lost eight billion, investors lost 1.7 billion, and lenders lost 1.3 billion.”
Friedberg: FTX left up a video of SBF quantitative trading on Binance
“For some reason FTX has left up all of their videos on YouTube from three years ago called quantitative trading seven and a half thousand cell wall of Bitcoin on Binance. It's a 17 and a half minute YouTube video of SBF trading arbitrage across markets.”