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The Chainsaw Profile picture
@chainsawdotcom
Nov 13, 2022 • 7 tweets • 5 min read • Read on X
A dollop of drama for your Monday morning as the alleged drug-fuelled sex cult story unravels 👀💣

#FTX
1. FTX’s higher-ups reportedly encouraged new employees to try amphetamine and other stimulants.

@FTX_Official
@carolinecapital Image
2. FTX’s ten executives – including SBF, Caroline Ellison, co-founder Gary Wang – were at some point romantically involved and dated one another. 😬
3. Crypto Twitter claims to have found Alameda Research CEO Caroline Ellison’s Tumblr account.

Take a look at what her alleged account posted. CEO material or nah?

#FTX ImageImageImageImage
4. After FTX's explosive week, reports surfaced about SBF being arrested in the Bahamas, but then rumours spread of his private jet landing in Argentina.

5. Unverified sources also claim that Caroline Ellison and Gary Wang are currently trying to escape to Dubai, which doesn’t have an extradition treaty with the US.

Who else is reportedly in Dubai? 3AC’s @zhusu.
6. #ICYMI: SBF's US$35,000,000 drug den is now up for sale.

Furnished, great location, scenic views, ideal for an amphetamine-fuelled party with your mates. Open for inspections.

seasidebahamas.com/view/NassauNew… ImageImageImageImage

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More from @chainsawdotcom

The Chainsaw Profile picture
Dec 13, 2022
SBF is currently held in Fox Hill Prison, the only jail facility in The Bahamas.

It’s horrid – here’s more about it. 🧵
1. According to The Wall Street Journal (@WSJ), Fox Hill Prison is known for its unsanitary conditions.

A 2021 human rights report described it as “harsh” due to “overcrowding, poor nutrition, inadequate sanitation, and inadequate medical care”.

#SBF_FTX
2. Inmates at Fox Hill Prison developed bed sores from lying on the ground. Jail cells were infested with “rats, maggots, and insects.”

#SBF
#FTX
Read 4 tweets
The Chainsaw Profile picture
Dec 13, 2022
OpenSea continues to invite debate over royalties – we asked #NFT community figures what they think of the ongoing saga. 👇

thechainsaw.com/nft/nft-art/op…
1. @NFTFestAus’s @GregOakford says it’s becoming a “short term political battle.” 👇

#NFTs
2. @RooTroopNFT’s @MorganStoneee isn’t too bothered. 👇

#NFTs
Read 5 tweets
The Chainsaw Profile picture
Dec 13, 2022
How did we get here? 🧵

👉 Nov 2: CoinDesk publishes article on FTX and Alameda's ties
👉 Nov 4: Dirty Bubble Media (@MikeBurgersburg) publishes damning "Is Alameda Research Insolvent?" piece
👉 Nov 7: CZ announces decision to sell remaining FTT tokens
👉 Nov 8: FTT drops 80%
👉 Nov 9: Binance agrees to acquire FTX
👉 Nov 9: Binance backs out of offer to buy FTX, hours after its announcement. FTX continues to crash
👉 Nov 10: SBF apologises, saying he “f**ked up”
👉 Nov 11: FTX files for Chapter 11 bankruptcy, SBF resigns as CEO
👉 Nov 11 onwards:

– John J. Ray III takes over as CEO per bankruptcy filings
– Details emerge on SBF's alleged drug use, wild parties, and orgies in The Bahamas

👉 Nov 15–17: Users discover Caroline Ellison's old Tumblr account with posts about her "foray into poly".
Read 5 tweets
The Chainsaw Profile picture
Dec 12, 2022
🚨🚨 BREAKING: SBF has been arrested by the Bahamian authorities.

#FTX
🚨 MORE: The US government has filed an extradition request for SBF.

Prosecutors have to clear a few more steps before SBF is extradited to the US.

This will involve bringing forth charges, and reviewing whether or not they meet the standard of "probable cause".
🚨 UPDATE: The US Attorney of the Southern District of New York tweets an update on SBF's arrest. 👇

Read 4 tweets
The Chainsaw Profile picture
Dec 12, 2022
@cryptoquant_com's findings on some crypto exchanges' Proof-of-Reserves (PoR).

If you're keen to dig into PoR, @Dale21M did a deep dive explaining some of its limitations: thechainsaw.com/business/indus…

Anyway, this is what CryptoQuant found (1/6) 🧵:
1. Binance (@binance)

• $BUSD: 33.78%
• $USDT (@Tether_to): 23.75%
• $BNB: 11.41
2. Crypto.com (@cryptocom)

• $USDC: 31.27%
• $BTC: 22.18
• $ETH: 19.52%
Read 7 tweets
The Chainsaw Profile picture
Dec 8, 2022
Look how they massacred my boy.

It’s the fourth death in the #crypto scene this year. WTH happened to Spain’s millionaire crypto scammer Javier Biosca who jumped off a balcony? 😨

thechainsaw.com/defi/crypto/sp…
1. Let’s dial it back a little.

Javier Biosca is one of the most well-known scammers in the crypto world. It all began in 2019, when he set up a #crypto investment firm, Algorithms Group. 🪙
2. Biosca’s Algorithms Group promised over 25% gains on crypto like $BTC, $ETH and $LTC *every week*.

Sounds too good to be true to you? Not to the 300 European customers he swindled though! He cunningly hustled a total of €100 million from them.
Read 5 tweets

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