David Sacks

@DavidSacks ↗

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Last Checked Dec. 29, 2022

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Wed Nov 23 20:19:54 +0000 2022

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David Sacks @DavidSacks

Indeed, FTX’s own terms of service prohibited the loaning out of customer deposits. Therefore, a run on the bank should not have been possible. — PolitiTweet.org

@lizrhoffman @CoinDesk Holy gaslighting, per FTX’s own terms of service, user deposits belonged to the users and co… https://t.co/nHDvwdh4VA

Posted Nov. 23, 2022

Preceded By

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

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David Sacks @DavidSacks

If Semafor’s parroting of talking points on behalf of an investor in order to minimize his apparent fraud isn’t disinformation, I don’t know what is. — PolitiTweet.org

@lizrhoffman @CoinDesk Hi @lizrhoffman, Is SBF your Sugar Daddy for your employer? Should you be disclosing that? https://t.co/litgRnwfpH

Posted Nov. 23, 2022