Special Edition: FTX - The Island Orgy Debacle

Oh shit, something is actually happening in the land of crypto for once!

FTX blew up—everyone knows this. Instead of rehashing the story, I’d like to dive into some of the rather ‘spicy’ theories & takes on what exactly is going on down there in the Bahamas.

(Last Updated November 11, 2022 @ 5:45p ET)

Confirmed

• FTX, a multi-billion dollar company, was actually run by 10 kids out of a Villa in the Bahamas—all of whom had open relationships with each other (Source)

• FTX’s Chief Regulatory Officer was previously Ultimate Bet’s top lawyer—an online poker scam that was ‘ultimately’ shutdown (Source)

• SBF (Sam Bankman-Fried, CEO of FTX) is one of the biggest political donors to the Democratic Party (Source)

• Alameda Research, FTX’s Prop Trading Arm, is headed up by Caroline Ellison. Ellison’s Father is Gary Gensler’s old boss from MIT (Source)

• FTX Whales are paying off FTX Employees to ‘fake’ Bahamian Identities, so they can get their $$ off of the FTX Exchange (Source)

Sort of Confirmed

• Scores of Alameda Research & FTX Employees are currently at the airport in the Bahamas, trying to find tickets out of the country (Source?)

• They’re Crying (Source?)

• FTX Executives (SBF) gave employees wild incentives to invest a large portion of their salaries back into FTX, to keep the scam going (Source?)

Not at all fucking Confirmed

• Gary Wang, Co-founder of FTX, may be a CCP plant (Source - Marc Cohodes - Legendary Wall Street Short Seller)

• Gary Gensler, Fed Chairman, may have turned a blind eye to FTX’s bad dealings in order to cause exactly what’s happened this week—thus, giving him more fire power to regulate the whole US Crypto Industry (Source - Every crazy fuck on Twitter)

• SBF was a CIA or Mossad Agent, and was helping funnel funds for ‘black operations’ (Source - Lol)

FTX’s Treasure Chest of Shell Companies & Subsidiaries