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The Chainsaw Profile picture
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Nov 15 • 4 tweets • 3 min read
BREAKING: More than 9000 people have signed a petition from @CryptoLawUS demanding an investigation into @GaryGensler for handing @SBF_FTX a “regulatory free pass” while FTX committed fraud.
#SBF_FTX #FTX
The petition is being spearheaded by lawyer @JohnEDeaton1 who represents @Ripple in their ongoing lawsuit against the SEC.
🚨 UPDATE: John E Deaton has clarified that he represents XRP holders, not @Ripple.
More info here: thechainsaw.com/defi/crypto/th…

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More from @chainsawdotcom

The Chainsaw Profile picture
Nov 16
BREAKING: Analysts say #FTX may have used synthetic stocks to short GameStop.

How (1/6)? 🧵 thechainsaw.com/defi/ftx-backd…

$GME
1. #FTX says its tokenised stocks are backed 1:1, according to its official Terms of Service (TOS) document.

$GME
$TSLA
@GameStop Image
2. FTX listed 10,000,000 @GameStop tokens for trading on its derivatives trading platform.

@etherscan shows that there are 10,000,000 synthetic GME tokens circulating on the Ethereum blockchain. Image
Read 7 tweets
The Chainsaw Profile picture
Nov 15
Who’s getting fu**ed over the most so far thanks to #FTX?

We found out.
1. They are …

—@Galois_Capital, $100 million
—@paradigm, $278 million
—@sequoia, $213 million
—Genesis, $175 million
—Galaxy Digital, $77 million
2.
—@CoinSharesCo, $30.3 million
—Ontario Teachers Pension Plan (yup), $95 million
—@Tiger_Global, $38 million
—@SoftBank, $100 million (Masayoshi Son probably crying)

#FTX
Read 4 tweets
The Chainsaw Profile picture
Nov 15
You asked, we dug. We rated the crypto exchanges that seem kinda suss right now. #nfa thechainsaw.com/defi/crypto/th…
1. Crypto.com

—“Accidental” $400,000,000 worth in ETH transactions to Gate.io
—Mass withdrawals yesterday

Dumpster fire rating: 🔥🔥🔥🔥🔥

#CryptoCom
2. Gate.io

—Received crypto.com’s suspicious funds but has since released their proof of reserves
—The exchange released a statement clarifying the issue, but users remain unconvinced thanks to post-#FTX paranoia.

Dumpster fire rating: 🔥🔥
Read 5 tweets
The Chainsaw Profile picture
Nov 14
Crypto Twitter has been assembling potential candidates for the cast of Hollywood’s next hit film about FTX. 🧵 Image
1. Sam Bankman-Fried: Jonah Hill.

Barely a debate – we hope Jonah Hill’s agent is pitching to Hollywood producers rn. ImageImage
2. Caroline Ellison (@carolinecapital)

—Maisie Williams
—Anna Kendrick
—Kate Micucci ImageImageImageImage
Read 6 tweets
The Chainsaw Profile picture
Nov 14
BREAKING: A potential bank run on Crypto.com may be in progress.

Nearly 90,000 unique transactions have been processed in the last few hours, suggesting that users are scrambling to get their funds off the exchange 👇

#CryptoCom Image
More info here:
thechainsaw.com/defi/crypto/ma…
and here:
thechainsaw.com/defi/crypto/cr…
Read 5 tweets
The Chainsaw Profile picture
Nov 14
This sh*t is ongoing, so it’s not too late for a ‘WTF happened last weekend’ thread (1/4) 🧵: thechainsaw.com/defi/crypto/ho…
1. Amid FTX’s implosion, FTX and FTX.US were reportedly ‘hacked’ on late Friday night.

Millions of dollars began vanishing from users’ accounts.
2. One of crypto Twitter’s most credible blockchain detectives, @zachxbt, stated in a thread that over US$650 million disappeared from #FTX wallets. 💸

Read 6 tweets

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