SBF Profile picture
16 Feb, 12 tweets, 2 min read
1) I recently wrote an FTX investor update.

While some of it is sensitive, I thought I'd share a redacted version of it here.
2) NOT INVESTMENT ADVICE
3) Writing investor updates for FTX is uniquely weird, because so much of the business is publicly available.

If you want to know about our trading volumes, that’s public. If you want to know about our revenue -- well, you can mostly back it out from the FTT burns.
4) If you want to know about our largest achievements, you can usually check Twitter; if you want to know about our largest fuck-ups, well, Twitter’s still there.

But here are some headlines!
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12) Anyway, there's a decent chance that the hiccups FTX has been having are fixed now; thanks Gary!

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More from @SBF_Alameda

9 Feb
1) We're really sorry about the messages today on Blockfolio.

We've also now figured out what happened. Here's the story.
2) First, we should have had stricter controls on which accounts could push signal updates. This is our fault, and earlier tonight we significantly increased the old security around it, moving it closer to in line with the security we have around trading functionality.
3) There were about 30 minutes of off and on availability issues while we completely purged all of the offensive content from the system; beyond that, @blockfolio remained online today.
Read 9 tweets
9 Feb
1) Really, really sorry about the messages in @blockfolio today.

2) No trading features/funds/etc. were at risk. Those are part of a totally separate part of the system and are in line with FTX's standards.

The affected portion was around display and news/Signal.
3) Over the next month I'll be leading a security review of the old, non-trading-related parts of Blockfolio to bring them in line with the standards set by trading, and by FTX more generally.
Read 5 tweets
8 Feb
1) The FTX Foundation:

ftx.com/foundation
2) I'm really excited with the growth that FTX has had over the past years--from a brand new startup to the fourth largest crypto exchange in the world.

But in the end making money isn't what matters; it's what you do with it.
3) I originally got into crypto so that I could have positive impact on the world, donating what I make.

And I'm proud to say that a number of our team members have donated tens of millions of dollars over the last few years to some of the world's most effective charities.
Read 9 tweets
8 Feb
Happy Christmas @TomBrady

Read 10 tweets
4 Feb
1)
On the Fields of Justice

I find peace
2) Mostly I sleep on a beanbag, but I go back to my apartment now and then.

I jog back (some exercise is better than none!), and it gives me time alone with my thoughts and music.



Today's thoughts:

Why do I play so much League of Legends?
3) According to this simpleton's understanding, there are two types of memory in computers: RAM and hard drives.

RAM is fast to access, expensive, and small.

Hard drives are slow, cheap, and vast.

The computer I'm using right now has 64GB of RAM and 500GB of disk space.
Read 25 tweets
1 Feb
1) Over half of new KYCs to FTX are reviewed within a minute.

Some take a lot longer.

Want to be KYCed quickly? Here's a checklist!
2)

a) Is your full legal name "Jim"? If so, great, writing "Jim" down is a great start!

b) Is your full address "15 main"? If so, don't put any city or country or district or anything, because apparently those aren't a thing where you are!
3)

c) See where we say that it'll be a lot faster if you use the default process? Well, fuck the system! Ya, maybe that'll help!

d) If your phone is low and you can only submit _one_ picture, then submitting the same thing for ID, ID back, and selfie is understandable!
Read 5 tweets

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