David Sacks

@DavidSacks ↗

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Last Checked Dec. 29, 2022

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Wed Nov 23 20:11:07 +0000 2022

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David Sacks @DavidSacks

@lizrhoffman @CoinDesk Basic flaw in this narrative: if the $8 billion in “liabilities” were actually customer deposits that SBF had no right to take but nevertheless appropriated for his personal use, that’s not a case of balance sheet mismanagement, it’s theft and fraud. — PolitiTweet.org

Posted Nov. 23, 2022 Just a Typo

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David Sacks @DavidSacks

The media have received their talking points. — PolitiTweet.org

Letter SBF sent today to FTX employees h/t @CoinDesk https://t.co/YERO3yfKnI

Posted Nov. 23, 2022

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David Sacks @DavidSacks

Basic flaw in this narrative: if the $8 billion in “liabilities” were actually customer deposits that SBF had no right to take but nevertheless appropriated for his personal use, that’s not a case of balance sheet mismanagement, it’s theft and fraud. https://t.co/MdBfgJIurG — PolitiTweet.org

This mostly makes sense to me. FTX had a lot of collateral ($60bn) against not that many liabilities ($2bn). The pr… https://t.co/kowtbaSTww

Posted Nov. 23, 2022