Mastodawn

Molly White Jun 27, 2023

so SBF and an attorney:
• falsified a "payment agreement" between FTX & Alameda
• backdated it by ~2y
• wet signed it to avoid DocuSign timestamp
• submitted it to an external auditor
• used it to obtain a $400M funding round

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Molly White Jun 27, 2023

SBF used customer funds to pay someone $300,000 to "[w]rite a book about how to figure out what humans' utility function is (are)"

i picked the wrong career

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Molly White Jun 27, 2023

$400,000 went to a YouTuber who made animated effective altruism videos, which sounds like the most unbearable genre i didn't know existed

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Molly White

more than $20 million went from an account with commingled customer funds to Guarding Against Pandemics, the PAC run by SBF's little brother Gabe Bankman-Fried

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Molly White Jun 27, 2023

damn, the real estate industry has been friendly to mr. squarepants

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Molly White Jun 27, 2023

This is all from the second interim report of John J. Ray III, the CEO appointed to oversee the FTX bankruptcy.

https://www.courtlistener.com/docket/65748821/1704/1/ftx-trading-ltd/

Exhibit A – #1704, Att. #1 in FTX Trading Ltd. (Bankr. D. Del., 22-11068) – CourtListener.com

Exhibit A

CourtListener

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Rich Stein (he/him)Jun 27, 2023

@molly0xfff
There has to be an AI link somewhere, because all the problems FTX investments was looking to "solve" will be small potatoes problems for AI. So EA tackling AI is nothing but... more grift.

You and I are both in the wrong business.