Ex-FTX employee tells his story of the exchange
1. My ex – FTX 🧵
— Dani Cloud (@daniiicloud) December 13, 2022
Two(ish) weeks ago, I formally resigned from my position as an FTX employee.
2. I had been employed by FTX since October of 2021. What a journey it was. Please pull up a chair and prepare yourself for story time.
— Dani Cloud (@daniiicloud) December 14, 2022
3. Before we proceed—the following commentary is a perception of an experience and is definitely not investment or life advice. At no point is anything tweeted from this account an answer to the transgressions of SBF, FTX, or named parties. It is also not a reflection of FTX now.
— Dani Cloud (@daniiicloud) December 14, 2022
4. Let’s break the thread into chapters shall we? Thank you for tuning into my literary therapy.
— Dani Cloud (@daniiicloud) December 14, 2022
5. [Chapter 1: FTX CULT-ure]
— Dani Cloud (@daniiicloud) December 14, 2022
When I first joined FTX a year ago—things felt off. Cult like. We’ve all seen the crazy docuseries—Fyre festival, Theranos, and WeWork should all ring a bell.
6. Before joining I had never heard of FTX or SBF. In Sam’s defense, I probably couldn’t have pointed out Tom Brady in a line up either. I had traded crypto sparingly since 2016, but was far removed from tech bro Twitter.
— Dani Cloud (@daniiicloud) December 14, 2022
7. Everyone employed at FTX was obsessed—and I supposed it made sense. The kid was young, the principles were revolutionary, the ideas were golden. He was the richest 29/30 y.o. on Earth—who was I to challenge that? A pretty common thought for most, until recently.
— Dani Cloud (@daniiicloud) December 14, 2022
8. Despite a career and education in marketing, I initially accepted a role in compliance at FTX US, working out of the Chicago HQ. The goal being to move into marketing.
— Dani Cloud (@daniiicloud) December 14, 2022
9. by January I had started taking lead on most US email communications and by May I was officially promoted to marketing full time.
— Dani Cloud (@daniiicloud) December 14, 2022
The move however, required me to work out of the Bahamas majority of the time.
10. Life in Nassau … I never knew all the things money could buy.
— Dani Cloud (@daniiicloud) December 14, 2022
The multimillion $ homes of everyone in the C suite
The house parties and private chefs
Food catered 24/7 in the Bahamas office, in addition to the free groceries, monthly barbershop pop up, and biweekly massages
11. The half dozen condos leased/purchased by FTX for free employee access… In addition to the expensed stays in luxury hotels. pic.twitter.com/RqCVfjm7eX
— Dani Cloud (@daniiicloud) December 14, 2022
12. The entire operation was iconically and moronically inefficient—but equally mesmerizing. Coming from a southside Chicago public school, I had never witnessed so much money in my life. I don’t think anybody had—including SBF.
— Dani Cloud (@daniiicloud) December 14, 2022
13. [Chapter 2: Day to Day–Finding Happiness at FTX]
— Dani Cloud (@daniiicloud) December 14, 2022
I can’t attest to any orgies happening. I highly doubt there’s any substance to those rumors. However… here are a few of the best running jokes.
14. What’s the best way to get a job at FTX? Be the female spouse of an existing employee… start with a bs role & make your way to the C suite in a month or two. This was an oversight on everyone—not women abusing their sexuality. Those who challenged it were churned.
— Dani Cloud (@daniiicloud) December 14, 2022
15. Company holidays—yes, that’s the whole joke. The work week was Monday to Sunday. A month into working, my coworker was chewed out by our boss for asking if we had Thanksgiving off.
— Dani Cloud (@daniiicloud) December 14, 2022
16. SBF was aware of the workload standards—and out of the compassion he has for humanity😂—he brought in a mental health specialist… *company shrink enters the chat.*
— Dani Cloud (@daniiicloud) December 14, 2022
17. In true FTX tradition, the shrink's experience consists of befriending the Bankman-Fried household a decade prior and the ability to be a bridge between affluent kids and their insatiable amphetamine dependency.
— Dani Cloud (@daniiicloud) December 14, 2022
18. I met with him, per his suggestion, 3x in the first week. After an initial “consultation,” he informs me he can help with my underdiagnosed ADHD bc that’s his specialty. Our 2nd session is a 4 hour conversation in the Baha Mar SLS hotel lobby—being served by the bar.
— Dani Cloud (@daniiicloud) December 14, 2022
19. The only two public reviews on him are “helped me with ADHD” and…… the following. Yes, he was always intended to be the company supplier—regardless of the cost. pic.twitter.com/Kf2ZTfuktm
— Dani Cloud (@daniiicloud) December 14, 2022
20. in the course of my time @ FTX, this said he considered me a friend, not a patient, told me his wife wouldn’t care if he cheated, and frequently inquired about me and my fiancé’s sex life.
— Dani Cloud (@daniiicloud) December 14, 2022
20. in the course of my time @ FTX, this said he considered me a friend, not a patient, told me his wife wouldn’t care if he cheated, and frequently inquired about me and my fiancé’s sex life.
— Dani Cloud (@daniiicloud) December 14, 2022
21. Even though everyone regarded Sam with praise—nothing he did quite made sense to me. Exhibit A—US licensed doctors can’t prescribe in the Bahamas. The result?
— Dani Cloud (@daniiicloud) December 14, 2022
22. He was propositioned as a coach, consulting on business growth, critical to employee satisfaction/retention strategies. Annnnd in the background, admin were pushed to illegally ship prescriptions to Nassau that were written in CA/FL.
— Dani Cloud (@daniiicloud) December 14, 2022
23. [Chapter 3: Effective Altruism: SBF’s Most Disgusting Lie]
— Dani Cloud (@daniiicloud) December 14, 2022
Can we get a comparison of SBF/FTX’s political vs. altruistic contributions?
24. Even the inner circle shrink recognized the "EA" motto was bull shit. The company could never give a straight answer on amount donated vs. “earmarked.”
— Dani Cloud (@daniiicloud) December 14, 2022
25. Most notably and heartbreaking to me (for personal reasons—not objectively)… FTX falling short on its commitment to provide 100 formerly incarcerated Chicagoans with no fee bank accounts and guaranteed monthly income. A program that was launching on 11/17/22.
— Dani Cloud (@daniiicloud) December 14, 2022
26. When asked, SBF's dad said that it was more important to give those funds to his 1 son for legal fees than provide it to a program that would help 100. pic.twitter.com/xfnfXZ4nJW
— Dani Cloud (@daniiicloud) December 14, 2022
27. SBF didn’t do it alone. Yes—he may have had connections, funding, and privilege I can’t begin to comprehend—but he still could not have gotten this far without the support of strangers worldwide. He was praised and regarded as the messiah of crypto…
— Dani Cloud (@daniiicloud) December 14, 2022
28. we all turned a blind eye. And even in his demise, we aren’t prioritizing industry preservation or integrity. False prophets and wannabe martyrs are flooding newsfeeds.
— Dani Cloud (@daniiicloud) December 14, 2022
29. With that in mind… be forever cautious, DYOR, diversify, and always self custody what you can. Jk—this is not intended as advice, so do whatever and catch y’all around Twitter. ✌🏽
— Dani Cloud (@daniiicloud) December 14, 2022
How Defi would solve the traditional banking problems
How #Defi would solve the traditional banking problems.
— Dacul (@DaculAlban) December 14, 2022
The unique characteristics of the #decentralized finance has in it the solutions to the loopholes seen in the traditional financial system.
🧵 1/x
PS: I am in the 3-months defi thread challenge. #Crypto #web3 #defi
Decentralized:All records are kept simultaneously across thousands of computers and cannot be tampered with. In #cefi, some fraudulent acts can be deleted because of some dubious reasons.
— Dacul (@DaculAlban) December 14, 2022
Trustless: In #Defi,a central party is not required to ensure transactions are valid.
🧵3/x
3. Transparent: All transactions in defi are publicly auditable because of the presence of blockchain. All transactions in Cefi are only controlled by few individuals.
— Dacul (@DaculAlban) December 14, 2022
4/x🧵#Defi #Cryto #ETH
4. Censorship resistance: Users transactions cannot be invalidated in #defi. There are So many cases where users private bank accounts are frozen and controlled,invading users privacy.
— Dacul (@DaculAlban) December 14, 2022
5/x🧵#Defi #Crypto #NFT #Web3 #ArgentinaVsCroatia
Programmable: #Developers can program business logic into financial #services. There are so many beautiful applications of #blockchain which I have made a thread on earlier. Check it out on my pinned post.
— Dacul (@DaculAlban) December 14, 2022
6/x 🧵#BlockFi #Blockchain #Crypto #Dacul #Web3 #knack #Defi
With so many breakdown and failures of centralized exchanges in recent times, one can clearly see that Defi is a safe bet for all.
— Dacul (@DaculAlban) December 14, 2022
Follow me and turn on nofit for more #defi & #web3 threads 🧵👍@ImmaculateEdwi1 @defiprincess_ #Defi #Crypto
