SBF Biography: FTX's top 50 accounts hold $4 billion, is the whistleblower Caroline?
The biography "Going Infinite" by Michael Lewis, author of "The Big Short," about SBF is now on sale, revealing many unknown details. An American engineer shared the contents of the top 50 accounts on FTX, with Jump Trading being the biggest loser, and gradually revealing more content from the book.
Other contents from the book: According to the author of the SBF biography, SBF once considered spending $5 billion to make Trump withdraw from the election, and FTX is not a Ponzi scheme.
Table of Contents
FTX's Top 50 Accounts Hold $4 Billion, Jump Trading Loses $280 Million
In the book "Going Infinite," it is revealed that out of FTX's $9 billion debt, the top 50 accounts hold $4 billion, with Jump Trading having the largest account at $206 million, along with another account of $74 million, totaling $280 million. The fiftieth account belongs to Virtu Financial Singapore with $10 million.
FTX co-founder Constance also has $25 million in the accounts, with many of the top 50 accounts belonging to FTX employees.
Former FTX Institutional Sales Head: Inquiry About Asset Misappropriation Ignored by SBF
The book "Going Infinite" mentions that when $450 million in assets were stolen from FTX wallets, internal staff suspected SBF and CTO Gary. Former FTX Institutional Sales Head Zane Tackett inquired SBF about asset misappropriation or insolvency but was ignored by SBF.
"That damn son of a b*tch—how could he not tell me when I went out to protect him? You made me go out there and lie for you. F*ck you," Zane Tackett said.
Alameda Head Caroline on Bankruptcy: "Feels Great to End It in Some Way"
In the book "Going Infinite," Alameda Head Caroline talks about the downfall of FTX:
"I've just been increasingly afraid of this day, it's been haunting me for a long time, and now that it's actually happening, it feels great to end it in some way. 'Getting through it feels weirdly good, I've been scared for a long time, so it feels like a huge weight off my shoulders."
CoinDesk as the Source? CZ Waiting for This Day?
After reading the book, an American engineer believes Michael Lewis hinted that SBF had told Middle Eastern officials he didn't want to operate where Binance was operating. Shortly after, CoinDesk published a report on Alameda's insolvency. Michael Lewis suggests Binance founder Changpeng Zhao may have received this information and waited a long time to take action.
Furthermore, the book implies that the report on Alameda's insolvency may have come from an inadvertent leak by Alameda Head Caroline to relieve her stress and emotionally retaliate against SBF. "I have very strong romantic feelings for Sam. Why is that a problem? These feelings consume a lot of my brain space," Caroline wrote.
Bankruptcy lawyer and current FTX CEO John Ray comments on Caroline: "Clearly a f*cking weirdo."
Bankruptcy Lawyer's Assessment of SBF: Don't Know How He Became a Criminal
Bankruptcy lawyer and current FTX CEO John Ray commented on SBF:
"There are natural-born criminals, and there are people who become criminals. SBF turned into a criminal. I don't know how or why. That requires an understanding of him and his parents."
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