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Frank Chaparro Profile picture
Frank Chaparro
@fintechfrank
Host of The Scoop; Director of Special Projects @TheBlock__. Former Journalist. New Jersey-born. 7 years in crypto. Here for a good time, not a long time.
Dec 22, 2022 • 4 tweets • 1 min read
"In addition to receiving cash deposits directly from FTX customers, Alameda benefited from undisclosed features of the FTX platform, which were embedded in software code developed by Wang and other FTX engineers, and which allowed Alameda to divert FTX customer assets." 1) Negative Balance: "Alameda was able to maintain a negative balance in its customer account at FTX."
Dec 9, 2022 • 6 tweets • 2 min read
1) I'm absolutely gutted by this news, which was briefed to the company this afternoon.

Underpinning my shock are feelings of utter disgust and betrayal by Mike’s actions, greed, lack of disclosure. He's literal scum. He kept every single one of us in the dark. 2) I put my trust in him to run The Block as an independent media entity as CEO and majority shareholder — and was misled. This is really painful because I’ve put many years into shaping The Block into what it is today. I also thought of him as a friend.
Nov 15, 2022 • 4 tweets • 1 min read
We literally took every single claim that Su brought to us and wrote a story in 2019 about the issues of conflicts of interest. So much of this is more better understood with hindsight but in 2019 the space was shadowy and cut throat and it wasn’t clear if Su — a heavy investor in LEO — was trying to tarnish the reputation of a competitor. But we took the claims seriously nevertheless
Nov 14, 2022 • 4 tweets • 1 min read
Larry Cermak after finding out FTX withdrawals closed Wouldn’t be surprised if this is a hack
Nov 13, 2022 • 4 tweets • 1 min read
HOLY SHIT Vikings Stunning stunning finish
Nov 12, 2022 • 5 tweets • 2 min read
SCOOP: Alameda promised 'high returns with no risk' in 2018 pitch

“This is a flashing red-flag for investigators" ~ @TylerGellasch

theblock.co/post/186187/al… In a Telegram group chat at the time, Bankman-Fried walked back on certain sections of the deck, noting that the deck was thrown together quickly.

"Saying no risk was a fuckup, we should not have put that in our deck"
Nov 11, 2022 • 4 tweets • 1 min read
In hindsight maybe the super bowl ads, Katie Perry party in Bahamas, Formula1 sponsorships, and earning 100s of bucks from walking was a sign of froth How'd we miss that 😂
Nov 11, 2022 • 4 tweets • 1 min read
FTX GROUP COMMENCES CHAPTER 11 PROCEEDINGS SBF STEPS DOWN FROM ROLE AT COMPANY
Nov 11, 2022 • 7 tweets • 2 min read
Thread

Over 3 years ago I had a phone call with a major exchange operator in the space about the state of the its nascent credit market. He told me that it was almost impossible to hire talent at the intersection of credit + crypto. The story is still in a draft I think. Fast forward to 2020/2021 - during the go-go days of crypto froth: everyone was making money hand over fist, numbers were going up, and the proverbial music was playing loud. Everyone wanted to get in and dance and lenders were happy to act recklessly with endless VC backing.
Nov 11, 2022 • 4 tweets • 1 min read
BlockFi says it can no longer operate its business as usual; pausing client withdrawals

Wow “We are shocked and dismayed by the news regarding FTX and Alameda”
Oct 9, 2022 • 13 tweets • 4 min read
A look at the most notable, top crypto executives who have stepped down from their positions over the last several weeks amid the ongoing bear market in coins

Sept. 21: Kraken's Jesse Powell steps down as CEO

cc: @k_majch Image Sept. 22: Galaxy Digital’s co-head of trading Robert Bogucki leaving for BH Digital Image
Jun 2, 2022 • 12 tweets • 2 min read
Gemini lied to regulators about giving market makers rebates, according to CFTC

Brutal 1/2 “…in response to Commission staff requests for details concerning fee rebates and in particular Gemini’s market maker trading fee rebate program, Gemini indicated to Commission staff: (a) that Gemini had no specifically defined market maker program”
Jun 1, 2022 • 5 tweets • 2 min read
Former OpenSea employee arrested for insider trading: DOJ

"CHASTAIN was arrested this morning in New York, New York and will be presented today in the United States District Court for the Southern District of New York."

wow "NFTs might be new, but this type of criminal scheme is not. As alleged, Nathaniel Chastain betrayed OpenSea by using its confidential business information to make money for himself."
May 31, 2022 • 5 tweets • 2 min read
Farmers fear crypto boss Sam Bankman-Fried will cost them sleep ft.com/content/295a66… Wow I wonder if this is the farm worlds @cmsholdings Image
Mar 9, 2022 • 4 tweets • 1 min read
Janet Yellen’s comments on Biden’s crypto executive order released early it seems by mistake

Seems like a nothingburger H/t @TheBlueMatt
Mar 8, 2022 • 4 tweets • 1 min read
Talking with the Bain people about their new $500m+ crypto venture fund

LMK what questions you have I mentioned this tweet to them lmao

Mar 7, 2022 • 4 tweets • 1 min read
At this rate Oil will be worth more than Eth The flippening no one is talking about
Jan 25, 2022 • 4 tweets • 1 min read
OpenSea is very close to hitting an all-time high monthly NFT volumes

Aug 2021: $3.16bn

Jan 2022: $3.11bn This has been one of the weirdest trends in the background of an incredibly risk-off, Fed-weary, environment. NFTs—which seem like the most risky thing—are doing not that bad.
Jan 24, 2022 • 4 tweets • 1 min read
Bitcoin back above $36,000 THIRTY SIX THOUSAND AMERICAN DOLLARS
Jan 24, 2022 • 5 tweets • 2 min read
The Robinhood Chart is just absolutely brutal

Down ~11% today

86% decline from all-time highs With a market cap of $9.5bn, Robinhood is only worth $1 billion more than it was when it closed its Series F.
Dec 8, 2021 • 4 tweets • 1 min read
Scarier than any Covid chart imo CDC:

- Percent of adults aged 20 and over with obesity: 42.5% (2017-2018)
- Percent of adults aged 20 and over with overweight, including obesity: 73.6% (2017-2018)

Really sad:

- Percent of adolescents aged 12-19 years with obesity: 21.2% (2017-2018)