Thread by @intel_jakal

@Annihil4tionGod @zachxbt @DesoGames @cryptohippo65 @coffeebreak_YT @MikeBurgersburg @CasPiancey @BennettTomlin @mutedao_ @fredwalton216 @PaoloTheParrot I've not seen this before and I've not analysed the equity holdings of FTX and FTX.US in great detail previously so this might have already been flagged.

@Annihil4tionGod @zachxbt @DesoGames @cryptohippo65 @coffeebreak_YT @MikeBurgersburg @CasPiancey @BennettTomlin @mutedao_ @fredwalton216 @PaoloTheParrot but the equity splits in the resolution immediately jumped out

@Annihil4tionGod @zachxbt @DesoGames @cryptohippo65 @coffeebreak_YT @MikeBurgersburg @CasPiancey @BennettTomlin @mutedao_ @fredwalton216 @PaoloTheParrot The correlation between the two cap tables is easier to see once you group them together.
The highlighted rows are pulled straight from the resolution (verbatim).

@Annihil4tionGod @zachxbt @DesoGames @cryptohippo65 @coffeebreak_YT @MikeBurgersburg @CasPiancey @BennettTomlin @mutedao_ @fredwalton216 @PaoloTheParrot when I say verbatim I mean the names and percentages - the grouping I did after.
the numbers didn't quite add up until I realised the CZ group was missing .32% (rounding or a party <0.5% was omitted?)

@Annihil4tionGod @zachxbt @DesoGames @cryptohippo65 @coffeebreak_YT @MikeBurgersburg @CasPiancey @BennettTomlin @mutedao_ @fredwalton216 @PaoloTheParrot removing the 1% "other parties" from FTX trading Ltd you get an exact 80/20 split.

like i said - I haven't delved into the equity tables of the liquidation disclosure docs and this might be old news (or I might be grouping parties incorrectly).

@Annihil4tionGod @zachxbt @DesoGames @cryptohippo65 @coffeebreak_YT @MikeBurgersburg @CasPiancey @BennettTomlin @mutedao_ @fredwalton216 @PaoloTheParrot and i'm leading with my chin here. But what this implies (to me) is that this looks like FTX distills down to just two partners from the get go. #SBF and #CZ

#tellmeimwrong

@Annihil4tionGod @zachxbt @DesoGames @cryptohippo65 @coffeebreak_YT @MikeBurgersburg @CasPiancey @BennettTomlin @mutedao_ @fredwalton216 @PaoloTheParrot

@Annihil4tionGod @zachxbt @DesoGames @cryptohippo65 @coffeebreak_YT @MikeBurgersburg @CasPiancey @BennettTomlin @mutedao_ @fredwalton216 @PaoloTheParrot unroll @threadreaderapp

@Annihil4tionGod @zachxbt @DesoGames @cryptohippo65 @coffeebreak_YT @MikeBurgersburg @CasPiancey @BennettTomlin @mutedao_ @fredwalton216 @PaoloTheParrot I'm throwing down the gauntlet to CT. Two scenario's
1. CZ as a passive investor in FTX;
2. CZ as a founding partner of FTX; or
is there another scenario.