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Astrid Wilde ☼ Profile picture
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Nov 12 • 4 tweets • 1 min read
doing a cursory scroll through the large content creators who were sponsored by FTX and looks like almost everyone is still in denial that he was a con man. the reputation fallout for large content creators is about to be without precedent.
media is a giant monetization of the reputation game and A Lot of people just lost A Lot of credibility thanks to their followers now losing their life savings.
even Katy Perry's brand is taking a hit lmao
gotta wonder how many people are going to sue Kevin O'Leary over his promotion of FTX

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More from @astridwilde1

Astrid Wilde ☼ Profile picture
Nov 12
as insane as this sounds to read with the benefit of hindsight, i totally understand.

i felt this way about someone once too. in 2015 that person kidnapped me, trafficked me, and blackmailed me out of my life savings at the time of ~$45,000. i spent the next 3 years homeless.
sociopathic charisma is something i never would have believed in if i hadn't experienced it first hand. but there really are people out there who spend their entire lives honing their social intelligence to gain wealth, power, and status.
most of them just don't have enough smart but naive people around them to fake competency and reputation launder at scale.

EA was the perfect political philosophy and community for this to scale. smart people who trust early but transparently also want power, wealth, and status.
Read 4 tweets
Astrid Wilde ☼ Profile picture
Nov 10
What happened with Sam Bankman-Fried/Alameda/FTX and what are the near term implications, a 🧵

I'm going to try to make this as simple as possible so my friends outside of finance can understand
FTX and Alameda are two separate legal entities. It's been an open industry secret for a long time that they didn't operate as such. An Alameda whistle blower leaked their balance sheet to the press and, sure enough, it was full of FTX's ponzi coin FTT. coindesk.com/business/2022/…
As the story got more attention FTX customers started to (rightly) sense that something might be amiss at the company, and FTX started to see a flood of customer withdrawals. The CEO of Alameda dismissed the seriousness of the balance sheet concerns
Read 31 tweets

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