Caroline Ellison Kept a Google Doc Titled “Things Sam Is Freaking Out About”

TL;DR

• Caroline Ellison saved a Google doc, titled: “Issues Sam Is Freaking Out About”

• The doc included: ‘Getting regulators to crack down on Binance.’ Apparently Sam wished to make use of his good standing in Washington to have Binance investigated, and hopefully shut down.

• Binance’s $2.1B hearth sale of FTX’s FTT token – which was executed VERY publicly – primarily triggered the collapse of FTX.

• Hell hath no fury like a crypto nerd scorned.

Full Story

Alright, SBF trial replace time! Seems Caroline Ellison saved a Google doc, titled:

“Issues Sam Is Freaking Out About”

Included on that record?

• Elevating cash from the Saudis
  Presumably to plug the money-leaking-holes created by Alameda’s ‘borrowing’ of buyer funds.

• Getting extra capital from BlockFi
  I.e. shopping for BlockFi and utilizing its property [aka customer’s money?] to fund FTX/Alameda.

• Getting regulators to crack down on Binance.
  Apparently Sam wished to make use of his good standing in Washington to have Binance investigated, and hopefully shut down.

That final one is a doozy to learn in hindsight!

ICYMI: Binance’s $2.1B hearth sale of FTX’s FTT token – which was executed VERY publicly – primarily triggered the collapse of FTX.

Had it have been executed privately/quietly, the collapse of FTX might not have occurred (at the very least, not at the moment).

Binance’s option to make the sale as public as potential all is sensible now.

Though, we should always have been in a position to guess when CZ (Binance’s CEO) was concurrently tweeting stuff like:

“We cannot help individuals who foyer in opposition to different business gamers behind their backs.”

Hell hath no fury like a crypto nerd scorned.