universeodon.com is part of the decentralized social network powered by Mastodon.
Be one with the #fediverse. Join millions of humans building, creating, and collaborating on Mastodon Social Network. Supports 1000 character posts.

Administered by:

Server stats:

3.5K
active users

Learn more

I finally got hold of the government exhibit that SBF's lawyers worried prosecutors were using just to "show that he’s some sort of crazy person"

mollywhite.net/storage/sbf-tri

#FTX#SBF#crypto

The document was to try to iron out a bad relationship between Alameda Research (trading firm with his ex-girlfriend Caroline Ellison as CEO) and Modulo Capital (trading firm co-founded by his ex-girlfriend Xiaoyun "Lily" Zhang).

Can't imagine why things were strained.

#FTX#SBF#crypto

SBF had invested at least $400 million in Modulo Capital, against Ellison's wishes, and at later points spoke of wanting to shut down Alameda and have Modulo replace Alameda's role on FTX.

#FTX#SBF#crypto

The shutdown didn't happen at least in part because Gary Wang pointed out he couldn't just shut down a firm that had borrowed billions of dollars in FTX customer funds.

This may be the "logistical/etc. reasons not to merge Alameda and Modulo" that SBF refers to in this document.

#FTX#SBF#crypto
Virginicus

@molly0xfff I’m kind of curious what he thinks a wave function is.