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
3. Drugs were also easy to obtain in Fox Hill Prison, according to inmates interviewed by The Nassau Guardian in 2020.

#SBF
#FTX

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with The Chainsaw

The Chainsaw Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @chainsawdotcom

Dec 13
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
Dec 13
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
Dec 12
🚨🚨 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
Dec 12
@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
Dec 8
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
Dec 7
Alameda Research invested hefty sums in these three content publishers. 👇

Source: @FT
1. ODaily News (@OdailyChina)

• Chinese-language #Web3 news site
• $20 million from Alameda
2. Blockbeats News (@BlockBeatsChina)

• Chinese-language #Web3 news site
• $12 million from Alameda
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(