1) What 2-9) H-A-P-P-E-N-E-D? We now know.

TL;DR

• Keep in mind SBF’s well-known 9 part tweet thread that requested: 1) What 2-9) H-A-P-P-E-N-E-D?

• Properly, as an increasing number of proof comes out, there is a clearer story forming, and the quick reply is under.

• Ethical of the story: See gif ☝️

Full Story

Keep in mind SBF’s well-known 9 part tweet thread that requested:

1) What

2-9) H-A-P-P-E-N-E-D?

Properly, as an increasing number of proof comes out, there is a clearer story forming, and the quick reply is:

SBF f*cked round and discovered.

Right here’re the essential story beats we have gotten to date (some confirmed, some not):

1. SBF tries to show US regulators in opposition to Binance.

2. CZ retaliates by happening a PR blitz, leaking Alameda’s steadiness sheet to CoinDesk.

3. The leak exhibits how unstable Alameda is, and that a big sale of FTT tokens might damage them.

4. CZ proclaims a big sale of FTT tokens.

5. Alameda presents to purchase them off him in a single over-the-counter sale (which implies the value would not crash).

6. CZ refuses, primarily saying ‘I do know what you have been saying about me to US regulators – why would I enable you to?’

7. Alameda goes underneath.

8. What few folks knew was…Alameda had been borrowing (stealing) buyer funds from FTX.

9. Which meant as Alameda went down, it took FTX with it.

Ethical of the story:

(See gif ☝️)