Rektucation is the most effective form of #Bitcoin education.pic.twitter.com/lvKLCKD2vq

— Gigi ⚡🧡 (@dergigi) November 16, 2022

PSA: https://t.co/rCWQrQYCDx pic.twitter.com/ciHAL6VHXm

— Gigi ⚡🧡 (@dergigi) November 16, 2022

Cyp0111 said:

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He went as far to say fraud in a bankruptcy declaration without saying it.

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• They didn't record crypto customer custodial fund assets on the balance sheet

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Customer custodial fund assets are comprised of fiat customer deposit balances. Balances of customer crypto assets deposited were not recorded as assets on the balance sheet and are not presented.

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• SBF received a $1 billion related party loan from Alameda

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Related Party Loans Receivable of $4.1 billion at Alameda Research (consolidated) consisted primarily of a loan by Euclid Way Ltd. to Paper Bird Inc. (a Debtor) of $2.3 billion and three loans by Alameda Research Ltd.: one to Mr. Bankman-Fried, of $1 billion; one to Mr. Singh, of $543 million; and one to Ryan Salame, of $55 million.

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• One of the audit firms sounds like BS

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The audit firm for the Dotcom Silo was Prager Metis, a firm with which I am not familiar and whose website indicates that they are the "first-ever CPA firm to officially open its Metaverse headquarters in the metaverse platform Decentraland."

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• We don't know exactly who works for FTX

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At this time, the Debtors have been unable to prepare a complete list of who worked for the FTX Group as of the Petition Date, or the terms of their employment. Repeated attempts to locate certain presumed employees to confirm their status have been unsuccessful to date

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• Expenses approved with personalized emojis

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For example, employees of the FTX Group submitted payment requests through an on-line 'chat' platform where a disparate group of supervisors approved disbursements by responding with personalized emojis

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• Billions of dollars of investments and no records of their investments and activities

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The FTX Group had billions in investments other than cryptocurrency, as suggested above in the descriptions of the four Silos. However, the main companies in the Alameda Silo and the Ventures Silo did not keep complete books and records of their investments and activities.

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• $32 billion valuation, no accounting department

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The Debtors do not have an accounting department and outsource this function.

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• Using corporate funds to buy homes for employees (with the real estate listed in the employee's name)

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In the Bahamas, I understand that corporate funds of the FTX Group were used to purchase homes and other personal items for employees and advisors. I understand that there does not appear to be documentation for certain of these transactions as loans, and that certain real estate was recorded in the personal name of these employees and advisors on the records of the Bahamas.

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It's possible that it's already over, but people are struggling to understand and reconcile it.

— Jason Lowery (@JasonPLowery) November 18, 2022

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I see myself as the guy who has to explain to the govt how they've already lost the battle for control authority over the world's future reserve currency, and to help them negotiate the best terms of surrender possible.

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