4 ms·

The Twitter thread from SBF is even better where he admits he messed up. And still trying to throw jabs at Binance here and there like it’s their fault they’re

The Twitter thread from SBF is even better where he admits he messed up. And still trying to throw jabs at Binance here and there like it’s their fault they’re here. Unbelievable.

oldgradstudent 4y ago
Even Saul Goodman would have told him to shut up.
- the_doctah 4y ago
  Suggesting Saul was actually a bad lawyer? He always told his clients to shut up.
warinukraine 4y ago
To me the funniest part is him saying "I should've done better", as if he was attempting something worthwhile, but failed. No, he stole his customers and "done better" would've been doing the opposite.
deleted 4y ago
[deleted]
sillysaurusx 4y ago
In case anyone wants a link to the thread, here it is: https://twitter.com/SBF_FTX/status/1590709166515310593?s=20&t=Peji-NmMDtq2Ji9B6zNhKw https://twitter.com/SBF_FTX/status/1590709166515310593?s=20&... It was actually in an adjacent paywalled article (https://www.wsj.com/livecoverage/stock-market-news-today-11-10-2022-cpi-report-october-inflation/card/sam-bankman-fried-says-alameda-research-is-winding-down-trading-in-public-apology-dE8BNEDUZvwS0elpCEe2?mod=article_inline https://www.wsj.com/livecoverage/stock-market-news-today-11-...). If anyone knows a way to bypass that paywall, I'd be curious to read the rest.
- deleted 4y ago
  [deleted]
- zeven7 4y ago
  That article is miniscule and mostly just links to the tweets. After the 3 sentence preview which is visible to anyone it has 1 more sentence (a quote from SBF) then "Other highlights from his series of tweets" followed by 5 short 1 sentence bullet points summarizing things from the tweets. Then an embed of the first tweet wraps it up.
- Projectiboga 4y ago
  Pop it into archive.is or dot tv
- deleted 4y ago
  [deleted]
- saberdancer 4y ago
  Usually you can get a copy of the article by going to archive.ph and pasting the paywalled link. It may not be most ethical thing to do but if you want to read an article or two behind a paywall, I don't think it is insane to do. This article though seems to be some kind of a live feed where there is not really a lot archived - maybe it works better for paying users viewing things live.
nemo44x 4y ago
I think he's in the anger and bargaining phases of it all. I expect he will either kill himself or go to prison when his fraud laid out. "I messed up" isn't going to get him out of this. This story has just begun.
skippyboxedhero 4y ago
He also attempted to claim that the problem was due to an issue with the "labelling" of funds...this story leaks, we know he has been telling people he lent the money to Alameda, and in these tweets he is now saying that he has a problem expressing what happened... ...I feel bad for him because he obviously believes his own bullshit, but he should have just said nothing rather than lie about what happened and pull the Mr. Magoo act.
- encryptluks2 4y ago
- eigenvalue 4y ago
  I highly doubt he believes it. He has been living a lie for months now and can't bring himself to come clean about the deception. So he instead is "admitting" to vanilla incompetence and confusion and, most importantly, continuing to tell the lie that this is a liquidity issue at heart and not a solvency issue. That may have been the case a few weeks ago, but is palpably false at this point.
bmitc 4y ago
Reminds me of this: https://youtu.be/HQhmGIW7MVU https://youtu.be/HQhmGIW7MVU Also, does he not have lawyers or public relations?
- laluser 4y ago
  I'm sure he thinks he doesn't need one because he is 'acting in good faith'. Completely delusional.
  - bmitc 4y ago
    It really does look like he got caught up in something and completely lost track of reality basically. It's like those dreams, that at least I have, where you have some problem that you're solving and almost there but everything you try can't finish it, and then all of the sudden you wake up and have no idea what you were even trying to solve. It really shows how the media, these VCs, these paper billionaires, and their followers get caught up in hype storms that sort of self-perpetuate until they hit land. What's even crazier is that both of his parents are law professors.
nfw2 4y ago
This is the part of the thread that killed me: "FTX International currently has a total market value of assets/collateral higher than client deposits (moves with prices!)." He is counting the 10 billion he loaned to himself and then lost as an asset for FTX that just happens to be illiquid right now. Yeah it's very illiquid lol

The Twitter thread from SBF is even better where he admits he messed up. And still trying to throw jabs at Binance here and there like it’s their fault they’re here. Unbelievable.

oldgradstudent 4y ago

Even Saul Goodman would have told him to shut up.

the_doctah 4y ago
Suggesting Saul was actually a bad lawyer? He always told his clients to shut up.

warinukraine 4y ago

To me the funniest part is him saying "I should've done better", as if he was attempting something worthwhile, but failed. No, he stole his customers and "done better" would've been doing the opposite.

deleted 4y ago

[deleted]

sillysaurusx 4y ago

In case anyone wants a link to the thread, here it is: https://twitter.com/SBF_FTX/status/1590709166515310593?s=20&t=Peji-NmMDtq2Ji9B6zNhKw https://twitter.com/SBF_FTX/status/1590709166515310593?s=20&... It was actually in an adjacent paywalled article (https://www.wsj.com/livecoverage/stock-market-news-today-11-10-2022-cpi-report-october-inflation/card/sam-bankman-fried-says-alameda-research-is-winding-down-trading-in-public-apology-dE8BNEDUZvwS0elpCEe2?mod=article_inline https://www.wsj.com/livecoverage/stock-market-news-today-11-...). If anyone knows a way to bypass that paywall, I'd be curious to read the rest.

deleted 4y ago
[deleted]
zeven7 4y ago
That article is miniscule and mostly just links to the tweets. After the 3 sentence preview which is visible to anyone it has 1 more sentence (a quote from SBF) then "Other highlights from his series of tweets" followed by 5 short 1 sentence bullet points summarizing things from the tweets. Then an embed of the first tweet wraps it up.
Projectiboga 4y ago
Pop it into archive.is or dot tv
deleted 4y ago
[deleted]
saberdancer 4y ago
Usually you can get a copy of the article by going to archive.ph and pasting the paywalled link. It may not be most ethical thing to do but if you want to read an article or two behind a paywall, I don't think it is insane to do. This article though seems to be some kind of a live feed where there is not really a lot archived - maybe it works better for paying users viewing things live.

nemo44x 4y ago

I think he's in the anger and bargaining phases of it all. I expect he will either kill himself or go to prison when his fraud laid out. "I messed up" isn't going to get him out of this. This story has just begun.

skippyboxedhero 4y ago

He also attempted to claim that the problem was due to an issue with the "labelling" of funds...this story leaks, we know he has been telling people he lent the money to Alameda, and in these tweets he is now saying that he has a problem expressing what happened... ...I feel bad for him because he obviously believes his own bullshit, but he should have just said nothing rather than lie about what happened and pull the Mr. Magoo act.

encryptluks2 4y ago
eigenvalue 4y ago
I highly doubt he believes it. He has been living a lie for months now and can't bring himself to come clean about the deception. So he instead is "admitting" to vanilla incompetence and confusion and, most importantly, continuing to tell the lie that this is a liquidity issue at heart and not a solvency issue. That may have been the case a few weeks ago, but is palpably false at this point.

bmitc 4y ago

Reminds me of this: https://youtu.be/HQhmGIW7MVU https://youtu.be/HQhmGIW7MVU Also, does he not have lawyers or public relations?

laluser 4y ago
I'm sure he thinks he doesn't need one because he is 'acting in good faith'. Completely delusional.
- bmitc 4y ago
  It really does look like he got caught up in something and completely lost track of reality basically. It's like those dreams, that at least I have, where you have some problem that you're solving and almost there but everything you try can't finish it, and then all of the sudden you wake up and have no idea what you were even trying to solve. It really shows how the media, these VCs, these paper billionaires, and their followers get caught up in hype storms that sort of self-perpetuate until they hit land. What's even crazier is that both of his parents are law professors.

nfw2 4y ago

This is the part of the thread that killed me: "FTX International currently has a total market value of assets/collateral higher than client deposits (moves with prices!)." He is counting the 10 billion he loaned to himself and then lost as an asset for FTX that just happens to be illiquid right now. Yeah it's very illiquid lol