Stories from the ghosts (employees) of SBF’s past

SBF decimated the markets, let's take a look at the skeletons in his closet. Here's a peak at the stories (first-hand accounts) from the ghosts of SBF's past.

Here's a peak at the stories (first-hand accounts) from the ghosts of SBF's past. The FTX/Alameda situation still has us shook! SBF decimated the markets, let's take a look at the skeletons in his closet:

1. An early trader for Alameda Research spoke about the evident mistakes made during their time at Alameda and how there was a clear lack of money coming in both ways:

   Haseeb ＞|＜ @hosseeb

   Early Alameda trader on how much of a shitshow Alameda was in the early days and how they made money (or didn't): forum.effectivealtruism.org/users/nbouscal

   

2. Another employee under SBF cited his tyrannical nature as the main reason for the overall collapse of the SBF empire:

   211lp @211lp

   My story working under SBF Main points: -Tyranny of SBF -Projects like OXY, MAPS, and LQID were 100% sus and not bussin. Fresh with a business diploma and a horrible GPA, I sent Sam a cold DM on Twitter looking to get *any* job in Crypto.

   

3. An early FTX market maker tried to provide SBF with some friendly hygiene advice aiding him to look neater when representing FTX, it’s clear he ignored that:

   mgnr @mgnr_io

   it's real never heard from him again

   

4. FTX employees also have recorded accounts of a supposed back-door implementation to the exchange's codebase
   

   This was reportedly led by...you guessed it, SBF in an attempt to swindle auditors and cover the exec's tracks:

   Vydamo @vydamo_

   I was going to keep this private, but when presented with the opportunity to share it anonymously with @MarioNawfal I happily obliged. Unfortunately, Mario declined Payslips/ID cards, Digital ID, Emails, wallet txns as verification and simply wanted a LinkedIn connect instead?

5. The contagion…unimaginable, however, an FTX insider hinted at more centralized exchanges being in major trouble:

   Mario Nawfal @MarioNawfal

   https://t.co/qBC20daYyB

6. Looking at the internal notes, we can see evidence of FTX hedging and exiting $USDT via multiple trades with no intention of holding assets:

   strobie reeeee 🍓 (sql arc) @0xstrobe

   1/5 multiple ppl asking me about the leaked Alameda internal notes so i'm gonna repost it there's info on example trades, hedging positions, exiting USDT etc i deleted it earlier cuz i wasn't able to confirm source and didn't wanna misinform hope u find it useful 🧵👇

   

   

   

   

7. The return of Su Zhu's significance comes into play as tweets recirculated regarding his concerns about Alameda in 2019 and explains how their pamphlet said “High Returns, No Risk”:

   sumfattytuna @sumfattytuna

   Early pictures of Alameda 2019 Telegram chatter "Deleted account" confirmed to be Su Zhu. Reposted for exposure as original tweet was deleted.

   

   

   

   

8. An anon account added on a forum that SBF was losing money on Japanese arbitrage trades, but this was just another barricade of lies from SBF as he claimed to be profiting:

   Autism Capital 🧩 @AutismCapital

   A commenter from the Effective Alturism forum shares that Alameda actually *lost* the money Sam claims he made from the "Japan arb". forum.effectivealtruism.org/users/nbouscal

   

Outside opinions provide different insights through speculation. Doug Colkitt suggests the scheme of Alameda’s exit plan:

Doug Colkitt (🐊,🐊) @0xdoug

1/ Very rough and speculative sketch of what I increasingly think happened at FTX as more info comes out… The central question is where did the money go? Yes malfeasance and fraud is necessary, but at one point in the cycle cash actually has to go out the door

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