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.
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Braziel: SBF gave FTX employees guaranteed 10-year million-dollar salary contracts
“I mean, Sam was giving out 10 year contracts to people, guaranteed 10 year pay contracts, you know, like million dollar contracts to like salary employees, a little bit like the, you know, like AI, you know, meta thing.”
Sean Puri: FTX operates its massive crypto exchange with only 30 engineers
“They built like for the first year or something, they had two engineers. And even now to this day, they have like, I think, 25 to 30 software engineers.”
Puri: Sam Bankman-Fried owned enough assets to make FTX creditors whole
“He had owned enough assets that would make all the creditors whole.”
Sam Bankman-Fried is crypto's wealthiest known billionaire at $20B
“The Sam Bankman Freed guy, he's currently the wealthiest person from crypto wealthiest known person from crypto. So, you know, nobody knows who Satoshi is, but Sam Bankberfried is the next one. He's got like 15 or twenty billion dollar net worth from crypto, i…”
Parr: FTX victims are getting back roughly 125% of their money
“And so I think now the people who lost money, they're getting something like a 125% of their money back, which is not bad for a Ponzi scheme that you were a victim of.”
Shaan Puri: FTX collapsed due to misappropriated funds, not fake demand
“He actually had a business that would have made him a billionaire many times over. That was, like, the scam with FTX wasn't that the demand and the customers were fake. The demand of the customers were real. It's just that he took the customer money and gamble…”
Shaan Puri: 2020 election betting was a major growth accelerant for FTX
“One of the things that helped FTX take off back then was Sam Bankman freed was one of the first to put
Political bets on his platform, I think in 2020. And it was a big accelerant for FTX was letting people bet on election, election information back then. And …”
Puri: Sam Bankman-Fried is the wealthiest known crypto billionaire at $10B
“He's the wealthiest known crypto billionaire. I think he's got a net worth of ten billion dollars. I think something like that.”
Puri: Sam Bankman-Fried reaches $10B net worth within three years
“And this guy, you know, in the three years, basically he's become a self-made billionaire. He's worth ten billion dollars now, which is a combination of the money he made from the arbitrage trade as well as he then created his own exchange.”