1/4) Reading between the lines @cameron letter concerns me deeply by drawing an analogy between @DCGco & #FTX.
Entertain me for a couple of tweets…
“Related party undisclosed loan”
Sounds like Alameda <> FTX loans
Entertain me for a couple of tweets…
“Related party undisclosed loan”
Sounds like Alameda <> FTX loans
2/4) “Used to do a share buy back”
Sounds like the #FTX share buy back of @cz_binance shares.
“Do some crazy venture investment”
Sounds like #FTX venture investing
“Pump the #GBTC AUM & value”
Sounds like pumping $FTT
Sounds like the #FTX share buy back of @cz_binance shares.
“Do some crazy venture investment”
Sounds like #FTX venture investing
“Pump the #GBTC AUM & value”
Sounds like pumping $FTT
3/4) “You didn’t borrow? You did a promissory note?”
That’s the mechanism Alameda used to lend money to @FTX_Official executives & @SBF_FTX
I had to call out #Celsius
CZ had to call our #FTX
Cameron & others I respect are now calling out #DCG
That’s the mechanism Alameda used to lend money to @FTX_Official executives & @SBF_FTX
I had to call out #Celsius
CZ had to call our #FTX
Cameron & others I respect are now calling out #DCG
4/4) I’m prepared for the worst in case we don’t hear about significant funding to #DCG in the next week or two. Happy to be proven wrong as this is going to hurt the #Bitcoin market, including retirement plans that hold #GBTC & can’t redeem to #BTC without SEC allowing it.
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