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Jacob Silverman Profile picture
Jacob Silverman
@SilvermanJacob
New book in progress Co-author of the NYT best seller EASY MONEY The Naked Emperor podcast AM Quickie newsletter jacobsilverman@gmail.com Signal: 1-310-713-2739
Bmore girl Profile picture belasco Profile picture Yomi Shishio Profile picture ezra Profile picture 4 subscribed
Apr 7 • 4 tweets • 2 min read
"Just this week, two prisoners had their legs amputated due to handcuff injuries, which unfortunately is a routine event"
haaretz.com/israel-news/20… "inmates are fed through straws, defecate in diapers, and are held constant restraints, which violate medical ethics and the law"
haaretz.com/israel-news/20…
Apr 3 • 7 tweets • 3 min read
20 seconds
972mag.com/lavender-ai-is…
Image "Additional automated systems, including one called “Where’s Daddy?” also revealed here for the first time, were used specifically to track the targeted individuals and carry out bombings when they had entered their family’s residences."
972mag.com/lavender-ai-is…
Oct 15, 2023 • 4 tweets • 2 min read
RFK Jr's new campaign manager claims to be a former CIA NOC, but her memoir sounds fake.
spytalk.co/p/spurious-spy… Kucinich out, Amaryllis in. It's strange that a self-proclaimed former undercover CIA officer is running the RFK Jr. campaign.
nytimes.com/2023/10/13/us/…
Apr 30, 2023 • 6 tweets • 2 min read
Recalls the immortal Alex Acosta line on Epstein: "I was told he belonged to intelligence."
wsj.com/articles/jeffr… Every single powerful person who met with Epstein after his plea bargain -- well after his crimes were known -- and said they thought he was just another financier is lying. Burns worked for the State Department before CIA. You think he didn't know this guy's background? Image
Apr 4, 2023 • 4 tweets • 1 min read
Signet and Silvergate Exchange Network are key to all this, the whole crypto cartel depended on those rails. Also isn't Tether banned from doing business in NY state? Are its relationships with Cantor Fitzgerald and Signature kosher under its settlement agreement with the NYAG?
Apr 3, 2023 • 5 tweets • 2 min read
come on man maybe people just don't want or need this stuff in significant numbers
forbes.com/sites/michaeld…
Mar 22, 2023 • 6 tweets • 2 min read
They bought a golf course. They bought a golf course.
golfdigest.com/story/links-go…
Mar 13, 2023 • 4 tweets • 1 min read
That is not the lesson I'd take away (and hopefully SVB spawns some industry introspection), but it is consistent with the level of entitlement we saw over the weekend from incredibly rich people talking themselves into a bank run and then demanding a bailout or else. What kind of radicalization are we talking about here? "People resent my industry for demanding government intervention over its self-inflicted mess, so I am going to work extra hard on my gambling app"? Or is it more Sacksian rightward reactionary drift by VCs and SV elites?
Mar 12, 2023 • 4 tweets • 2 min read
This is ridiculous. The loudest voices of panic are coming from the VC class whose fortune is connected to SVB -- and who may have helped start this bank run! Most of the country has absolutely no idea that SVB even exists, much less that it collapsed this week. There are not going to be runs on banks across the country. This is a Silicon Valley problem that they wish all of us to care about so they can be made whole immediately.
Mar 12, 2023 • 17 tweets • 5 min read
Mar 11, 2023 • 7 tweets • 2 min read
Which crypto companies -- and which whales -- were banking at SVB? Here's a founder of Huobi. Image oh BlockFi have you not done enough already?
Mar 11, 2023 • 4 tweets • 2 min read
Increasingly I think this reflects a crisis of the VC model and of the mythos of VCs being innovative stewards of capital driving innovation. Their model is threatened
Feb 23, 2023 • 19 tweets • 7 min read
Reading through SDNY's superseding indictment against SBF, which now includes 12 charges (up from 8). What sticks out right away is that the government lists the FEC as a fraud victim and is explicit about Sam's attempt to purchase political influence.
storage.courtlistener.com/recap/gov.usco… Image Prosecutors allege FTX was not a "legitimate business." It was SBF's piggy bank. Image
Feb 7, 2023 • 8 tweets • 3 min read
Proposed class action suit against Signature Bank:
"Signature knew of and permitted the commingling of FTX customer funds within its proprietary, blockchain-based payments network, Signet."
coindesk.com/business/2023/… It's interesting that a chunk of crypto banking is clients of one NY-based bank shuffling money between one another (or tokenized representations of money!) on the bank's proprietary blockchain
courtlistener.com/docket/6679162… Image
Feb 6, 2023 • 4 tweets • 1 min read
I'm working on an article for Slate about DoNotPay, which just told me they're going to publish the list of questions I sent them (which apparently are "beneath Slate's editorial standards.") So if you want to talk about DoNotPay, contact info is in my profile. I've seen companies publish correspondence with reporters after an article is published. I'm not sure why one would do it before I've written the article.
Feb 5, 2023 • 4 tweets • 2 min read
bots are fixed Image They throw random symbols and characters into text to throw off spam detection. High level stuff. (Also the shift to several bots having a "conversation" in your mentions is something I noticed last year.) Image
Dec 13, 2022 • 6 tweets • 2 min read
Sealed indictment against SBF was originally filed on 12/9. Pretty clear: "misappropriating those customers' deposits" and using them for Alameda
Nov 30, 2022 • 4 tweets • 1 min read
Bad questions. Everyone knows what the company relationships were. Ask about specific acts of law breaking, moving customer funds, why they never set up a separate FTX account at Silvergate. Sam is being allowed to wander into quant wonk land about positions being bigger than he realized, throwing out junk statistics that can't be readily checked.
Nov 22, 2022 • 13 tweets • 5 min read
This 2021 video is notorious on crypto twitter and deserves wider viewership. Watch VCs David Sacks and Chamath Palihapitiya brag about buying huge amounts of Solana at a discount, planning to dump on retail. Solana has been called one of "Sam's coins" b/c SBF was a booster. Chamath has been appearing on TV, proudly claiming that he passed on investing in FTX. Sacks has been accusing MSM of providing cover for SBF. But they were deeply invested in a token that Sam helped pump. VCs helped cause this mess.
Nov 16, 2022 • 6 tweets • 1 min read
David Boies filed a class-action lawsuit against celebs who endorsed FTX. No one could have predicted this (in an Oct. 2021 Slate article).
theblock.co/post/187570/cl… "The suit alleges that FTX’s celebrity backers promoted unregistered securities"
Nov 15, 2022 • 7 tweets • 2 min read
I think we're still in the post-SBF positioning stage, where Bitcoiners are saying they're not like those crypto guys and crypto guys are saying they're not like that SBF guy. That'll shift soon as more exchanges and companies go under. The main question, I think: how much real money is left in the system? As bank runs and contagion proliferate, we're going to find out, but I think the number is very low.