2019: Su Zhu FUDs FTX, turns into rivalry with SBF.
2022:
→ SBF uses Alameda to destroy Luna to destroy 3AC.
→ Alameda gets caught in the liquidations.
→ SBF has to bail out Alameda.
→ Alameda hole brings down FTX.
SBF destroyed himself in revenge against Su.
Poetry.
mhonkasalo
12.2K posts
- If Grayscale liquidates what comes on the market: - 635k BTC (~$13.3b). - 3.1m ETH (~$3.7b). A god-forsaken product that will send us to the stone age.
- Alameda research is opening shorts on USDT. etherscan.io/address/0x5d13…
- The level to which SBF took an L is mind-boggling. Dude could have literally done nothing & let FTX print money in perpetuity. Hung out with supermodels, donated malaria bednets to his heart's content, etc. Instead, he became one of the most useless people in human history.
- Scott Minerd BTC price calls: - $600k at $60k → went to $30k. - $10k at $30k → price to $65k. - $8k at $30k (again) → TBD.
- Scary how close SBF was to getting away with all of it. - CPI pump to $2k ETH. - Stablecoin to plug $10b hole. - Prohibitive DeFi regulation to ban competition. The fraud wouldn't have been uncovered. Don't want to imagine that future. Thank the heavens (but mostly CZ).
- TVL by chain. Jan 1st, 2022: - Solana $6.68b - Polygon $5.10b - Arbitrum $1.69b - Optimism $354m TVL today: - Polygon $1.11b - Arbitrum $945m - Optimism $551m - Solana $286m (h/t: @DefiLlama)
- When SBF said he was vegan, I assumed he meant plant fed & not fed plant.
- This address is swapping 1,000 ETH to USDT to UST every few minutes. ~30,000 swapped. Plus a 20,000 ETH transfer to Binance.
- $562m in long liquidations yesterday — almost as high as the peak day during the 3AC liquidations in June.
- A few hours ago started hearing that the Luna fundraise had fallen apart. Difficult to imagine any firm would put their reputation on the line back this dumpster fire. It's over. (deleted original tweet about this to not jump the gun, but now it seems clear)








