| 1 | May 30, '23 | In 2017, I interviewed with Elizabeth Holmes to be Head of Finance at Theranos. I'm convinced I learned more in those 45 minutes than I did in 10 years of school and work. Today, s | 312× | 5.2M | 11k | 1.8k | 4.8k |
| 2 | Aug 5, '24 | It seems unintuitive that a small 25 basis point interest rate hike in Japan would spike all risk assets, including tonight's -20% $ETH candle. But you need to understand the way t | 182× | 3.1M | 11k | 1.4k | 6.8k |
| 3 | Sep 18, '25 | My only regret in life is not having kids earlier. When I was 27 I was going out 4 nights a week, working 12+ hr days 6 days a week, waking up at 5am daily for CrossFit. Kids would | 148× | 2.5M | 16k | 827 | 1.9k |
| 4 | Mar 10, '23 | The 20th largest bank in the US was just closed by California state regulators. Silicon Valley Bank was rumored to be in a sale process to protect its depositors. Now, it's the sec | 103× | 1.7M | 4.3k | 863 | 1.3k |
| 5 | Nov 11, '25 | Do not delay having kids. If you have even a remote desire for children, you must act now. That means committing to someone wholeheartedly in the act of marriage. Which accordingly | 76.4× | 1.3M | 1.9k | 99 | 637 |
| 6 | Jul 31, '24 | designer engineer | 68.5× | 1.1M | 21k | 11k | 746 |
| 7 | Feb 9, '24 | The best Putin memes so far: | 56.5× | 946k | 5.2k | 244 | 466 |
| 8 | Jul 29 | Travis is an apex predator put on ice in 2017 and only recently reactivated from cryogenic slumber. Standards for male behavior have moved so far that he's actively perplexed by it | 54.2× | 908k | 4.6k | 157 | 1.7k |
| 9 | May 30, '23 | 2) Utter dedication is terrifying and seductive. I am convinced Elizabeth didn't profit to the level of an Adam Neumann or Jeff Skilling or Bernie Madoff. If she was a fraud, then | 48.4× | 811k | 791 | 27 | 53 |
| 10 | Oct 2, '25 | 2025 career guide | 42.1× | 706k | 2.3k | 152 | 603 |
| 11 | Dec 12, '23 | Two weeks ago I created the Beckham "be honest" meme template and it went unexpectedly viral. Here are the best examples I've seen so far: | 35.9× | 602k | 1.9k | 111 | 324 |
| 12 | May 9, '22 | An $18 billion stablecoin is losing its dollar peg with all the magical chaos of algorithmic stables, with a dash of Bitcoin systemic risk drama. Here's everything you need to know | 31.5× | 0 | 20k | 5.3k | 6.2k |
| 13 | Aug 21, '25 | I am once again begging you not to squander your startup's announcements. You only come out of stealth once. You only launch a product once. You only raise a Series A once. Here's | 26.3× | 440k | 2.5k | 103 | 4.5k |
| 14 | Nov 16, '25 | the best ad campaigns of all time #1: Nike | 24.5× | 411k | 4.8k | 153 | 222 |
| 15 | Jun 13, '22 | Celsius is one of the largest centralized gateways to crypto. It raised $864m of venture capital and at one point custodied over $3 billion of funds for 1m+ customers. As of today, | 23.8× | 0 | 17k | 3.9k | 3.8k |
| 16 | Nov 8, '22 | FTX was the world's 3rd largest crypto exchange. Today it's said to be insolvent and in the midst of an acquisition by Binance. Here's everything you need to know about Alameda Res | 22.7× | 0 | 15k | 3.6k | 4.4k |
| 17 | Nov 17, '22 | I just read FTX's Chapter 11 First Day Affidavit. In it, the appointed restructuring CEO John Jay Ray III, who oversaw Enron's bankruptcy proceedings, calls FTX's case the worst of | 22.5× | 0 | 17k | 3.8k | 3k |
| 18 | May 30, '23 | If you think of personality falling on a spectrum: - One side being fully authentic - The other being fully manufactured The spectrum curves around like a horseshoe, such that the | 22.5× | 378k | 1.6k | 84 | 136 |
| 19 | May 30, '23 | As the interview drones on, I become increasingly aware of one fact: Nothing about her indicates she was born on Earth. She deftly wound her way through my concerns with utter conf | 22.1× | 371k | 913 | 23 | 27 |
| 20 | May 30, '23 | I was stunned. 1st reaction: "Me?? A newly minted business school graduate? To functionally be CFO?" 2nd reaction: "But...why not me? I can save this company." 3rd reaction: "Holy | 21.8× | 366k | 1.5k | 64 | 60 |
| 21 | May 30, '23 | I didn't take the job. But what did I learn? 1) People need to feel needed. We all crave affirmation, attention, and love from authority. We project our desire for parental affecti | 20.9× | 350k | 1.5k | 77 | 227 |
| 22 | Mar 13, '24 | I've talked to 50+ crypto projects in the last 10 days looking to hire a CMO or Head of Marketing. They're not going to have an easy time. Here's why hiring an all-star marketing l | 20.6× | 346k | 1k | 135 | 862 |
| 23 | Apr 9, '24 | Switching into crypto is one of the most asymmetric things you can do for your career. Why? There's a low-status moat around it. Cross the moat and you'll experience less competiti | 19.4× | 326k | 1.1k | 94 | 569 |
| 24 | May 30, '23 | "And I want you to know, if there were *any* role at the company you might be interested in--operations, product--I would be happy to have you. If not, please let me know when you' | 18.1× | 303k | 1.1k | 19 | 47 |
| 25 | Feb 15, '24 | The recent discourse on airdrops upsets me deeply, and probably not for the reason you think. I personally understand the difficulty of managing users who demand compensation for t | 17.4× | 291k | 1.5k | 532 | 293 |
| 26 | Mar 22, '24 | Hearing from a few teams who are scrambling to get a marketing strategy in place before we go parabolic. You're fine. If you're struggling with narrative and positioning here's wha | 16.4× | 275k | 817 | 80 | 1.4k |
| 27 | Nov 29, '23 | View post on X | 15.9× | 267k | 3.1k | 373 | 140 |
| 28 | Aug 27, '25 | Do not trust millenials to run your brand. Their vision of the way the internet works was informed by the Web 2.0 Facebook ca. 2011 Instagram vintage filters era and their priors h | 13.2× | 222k | 2.2k | 101 | 1.6k |
| 29 | Jun 6, '24 | state of crypto infra right now | 13× | 218k | 1.5k | 176 | 169 |
| 30 | Jul 2, '24 | @joherkhan There is a lot to learn from gaming, especially at a world-class level Just to name a few: - Communication skills - Strategic thinking - Resource management - Leadership | 11.4× | 192k | 3.4k | 51 | 144 |
| 31 | Aug 5, '24 | The quick explanation of the carry trade is borrow at 0 rate and invest in something with higher than 0 expected returns: 1. borrow Yen for nothing 2. buy an asset outside Japan th | 11.1× | 186k | 891 | 27 | 113 |
| 32 | Dec 15, '23 | Why most people in crypto don't make it: You have to be dumb enough to buy the coin and smart enough to sell it. | 10.3× | 173k | 1.6k | 271 | 171 |
| 33 | Sep 3, '21 | In 2017, I interviewed with Elizabeth Holmes to be Head of Finance at Theranos. I'm convinced I learned more in those 45 minutes than I did in 10 years of school and work. So when | 10.1× | 0 | 7k | 1.2k | 2.2k |
| 34 | Apr 29, '22 | No bullshit I think I just interviewed a North Korean hacker. Terrifying, hilarious, and a reminder to be paranoid and triple-check your OpSec practices. Here's how it went: 🇰🇵 | 9.5× | 0 | 7.3k | 1.1k | 1.6k |
| 35 | Sep 6, '24 | Today we're humbled to announce @asylumventures, a $55 million fund focused on early-stage founders: | 7.9× | 132k | 1.1k | 74 | 201 |
| 36 | Oct 22, '25 | i met a guy at a small business bootcamp last month he's 53, lives in a mansion on the central california coast spent the last 25 years building a physical therapy chain 10 locatio | 7.0× | 117k | 1.1k | 35 | 368 |
| 37 | Sep 2, '25 | Working too hard is in fact a top regret of the dying, right behind living inauthentically. End of life regrets typically center around unmet ideals (loyalty, trueness to oneself), | 6.1× | 102k | 1.3k | 121 | 277 |
| 38 | Aug 22, '25 | people overrate the risk of embarrassment and underrate the risk of irrelevance | 5.6× | 94k | 2.3k | 270 | 521 |
| 39 | Aug 5, '24 | This is why risk assets are taking a tumble. The hidden leverage in the system was the infinite money glitch that was Japan monetary policy. The BOJ was the piggy bank for the worl | 5.6× | 93k | 1.4k | 85 | 183 |
| 40 | Feb 20, '24 | This is unironically my favorite tweet of all time. | 4.7× | 79k | 1.2k | 50 | 44 |
| 41 | Sep 26, '25 | I want to freeze my life right now. In love, with a beautiful baby, doing work I adore with founders I admire. All in the greatest city in the world. | 4.7× | 79k | 939 | 10 | 61 |
| 42 | May 5, '21 | Do you yield farm / LP? It's sold as a passive strategy, but farming is the most nuanced, unintuitive, and poorly understood activity in Defi. It's more like putting on a short-ter | 4.7× | 0 | 2.5k | 552 | 1.4k |
| 43 | Jan 15, '25 | @yeeeerika i miss the excited tension of the early internet everything was so slow and broken that if it ever worked even for a second it was thrilling | 4.6× | 78k | 2.5k | 63 | 22 |
| 44 | Nov 18, '22 | Elizabeth Holmes sentenced to 11 years for fraud. Note that she never: - cashed out stock - built accounting backdoors - took personal loans - spent investor and customer money on | 4.6× | 0 | 5.1k | 375 | 97 |
| 45 | Dec 12, '24 | we're in the beer app era of AI agents | 4.5× | 75k | 1.3k | 109 | 72 |
| 46 | Oct 24, '25 | feeling your daughter fall asleep on your chest is not a feeling money can buy | 4.5× | 75k | 2.4k | 68 | 32 |
| 47 | Nov 2, '22 | An inside source has provided me with a transcript of the first team all-hands run by Tesla engineers at Twitter: | 4.1× | 0 | 3.3k | 302 | 773 |
| 48 | Jun 14, '22 | people asking for a tl;dr of the tl;dr of celsius: - celsius took people's $ETH - they put it in a place where it's stuck for a year - people asked for it back - now they're like " | 3.0× | 0 | 3.4k | 296 | 86 |
| 49 | Nov 10, '25 | as a parent it's a hilarity to hear someone want to have children + be poly it's not even moralistic it's structural you're gonna use your 1 babysitter night a month on going out t | 2.9× | 48k | 1.3k | 15 | 62 |
| 50 | Sep 13, '22 | The Starbucks x Polygon loyalty announcement is so boring it's revolutionary. A non-speculative, 1:1 drop-in replacement for typical loyalty programs. That's exactly why it's a hug | 2.8× | 0 | 2.2k | 395 | 459 |
| 51 | Nov 11, '22 | For those wondering how FTX printed money out of thin air: You have to understand what "low float, high FDV" means and why playing a market manipulation game with $FTT was key to t | 2.6× | 0 | 1.6k | 317 | 680 |
| 52 | Nov 9, '22 | Days like today I go back to the One True Coin. Forget the battle-lines of maxi-ism for a second. Bitcoin just works. There are no ponzinomics, recursive token dynamics, locked thi | 2.4× | 0 | 2.6k | 243 | 28 |
| 53 | Jun 2, '22 | Yesterday Nate Chastain, former product manager at Opensea, was indicted for making ~$40,000 insider-trading NFTs. He's facing up to *40 years in prison.* DOJ is coming for your as | 2.4× | 0 | 1.7k | 338 | 356 |
| 54 | Apr 4, '21 | Biggest launch in Defi history? @feiprotocol raised $1.2B from its Genesis event, and the $FEI - $TRIBE pool is #1 on Uniswap with $2.6 BILLION in liquidity. Simultaneously, retail | 2.4× | 0 | 1.7k | 319 | 350 |
| 55 | Nov 17, '22 | Ray opens with his experience, and then immediately condemns FTX as the worst case of his career: "Never in my career have I seen such a complete failure of corporate controls and | 2.3× | 0 | 2.4k | 343 | 50 |
| 56 | Nov 10, '25 | you're not poly you're just a commitment phobe because you were a fucking nerd who never got attention from women and now that you can you see women as sexual status currency you c | 2.2× | 38k | 1.1k | 41 | 93 |
| 57 | Jul 7, '22 | Today we launched Aztec Connect, the VPN for Ethereum. I just used it to get some $stETH on mainnet Curve for $1.50 in fees, with complete privacy. Fully private DeFi, with huge co | 2.2× | 0 | 1.6k | 249 | 417 |
| 58 | Jun 20, '22 | @0xgaut don't need excel if you don't have earnings | 2.1× | 0 | 2.8k | 61 | 12 |
| 59 | Nov 8, '22 | Here's how it works: - FTX creates $FTT - Alameda buys or premines $FTT at super low price - FTX pumps $FTT - Alameda posts $FTT back to FTX as collateral, borrowing "real" assets | 2.0× | 0 | 1.7k | 305 | 213 |
| 60 | Nov 17, '22 | tl;dr FTX is worse than Enron: - run by SBF + a few insiders using Signal - committing immense fraud - and no sense of bank accounts, employees, cash on hand, liquidity management, | 1.9× | 0 | 1.9k | 316 | 43 |
| 61 | May 14, '22 | who are the most intellectually honest people on crypto twitter right now? | 1.8× | 0 | 986 | 60 | 218 |
| 62 | May 9, '22 | tl;dr $UST is 100 magic dollars backed by 20 bitcorns and 80 magic beans, but some people don't think it's worth 100 real dollars, so LFG is selling bitcorns to buy more magic doll | 1.8× | 0 | 1.8k | 230 | 68 |
| 63 | Jun 24, '22 | Celsius. Babel. Voyager. BlockFi. Centralized crypto fintechs are in deep trouble and rumored to be facing insolvency. The former two froze user withdrawals. The latter two receive | 1.8× | 0 | 1.1k | 273 | 379 |
| 64 | Nov 17, '22 | It also reveals SBF--definitively--to be a liar and a fraud. A team of the most experienced restructuring experts in the world under penalty of perjury have submitted to the courts | 1.7× | 0 | 1.8k | 234 | 24 |
| 65 | Jan 19, '22 | The vast, vast majority of people don't understand how $OHM works or why it exists or why it's down 90% from highs. So here we go: DeFi has and always will be about the war for dec | 1.4× | 0 | 837 | 189 | 393 |
| 66 | Nov 17, '22 | In sum, a crack team of restructuring experts (arguably the best in the world) is tackling arguably the worst and most disastrous financial fraud in history. Worse, they claim, tha | 1.4× | 0 | 1.6k | 182 | 38 |
| 67 | Nov 17, '22 | ¶62 Employees were paid by through online chat, and managers "approved disbursements by responding with personalized emojis." 🙃 | 1.4× | 0 | 1.4k | 145 | 23 |
| 68 | Nov 8, '22 | In a year of turmoil the last 24 hours have been the worst thing that has happened for the crypto space, by orders. It underscores the need again for transparent, overcollateralize | 1.4× | 0 | 1.5k | 142 | 53 |
| 69 | May 27, '21 | "Crypto has no use case." Replacing all financial markets...? "But what can you BUY with it?" Services: savings, loans, brokera-- "Can I buy a sandwich with Bitcoin??" I mean, no, | 1.3× | 0 | 1.3k | 199 | 18 |
| 70 | Sep 3, '21 | I didn't take the job. But what did I learn? 1) People need to feel needed. We all crave affirmation, attention, and love from authority. We project our desire for parental affecti | 1.2× | 0 | 1.2k | 66 | 177 |
| 71 | Sep 3, '21 | If you think of personality falling on a spectrum: - One side being fully authentic - The other being fully manufactured The spectrum curves around like a horseshoe, such that the | 1.2× | 0 | 1.3k | 57 | 97 |
| 72 | Sep 3, '21 | I was stunned. 1st reaction: "Me?? A newly minted business school graduate? To functionally be CFO?" 2nd reaction: "But...why not me? I can save this company." 3rd reaction: "Holy | 1.1× | 0 | 1.4k | 53 | 42 |
| 73 | Nov 17, '22 | He then identifies 4 business siloes within FTX: - WRS Silo (FTX US, Ledger X, and affiliates) - Alameda Silo (Alameda Research LLC) - Ventures Silo (FTX Ventures and affiliates) - | 1.1× | 0 | 1.3k | 82 | 29 |
| 74 | Nov 17, '22 | In ¶55 John Jay Ray III basically says: "Uhm, I've heard of the FTX US auditors. The FTX Int'l auditors I uh, let's just say they're best known for having an office in the metavers | 1.1× | 0 | 1.2k | 102 | 22 |
| 75 | Sep 3, '21 | "And I want you to know, if there were *any* role at the company you might be interested in--operations, product--I would be happy to have you. If not, please let me know when you' | 1.1× | 0 | 1.3k | 18 | 49 |
| 76 | Nov 17, '22 | At his side are Sullivan & Cromwell, one of the leading restructuring law firms, and Alvarez & Marsal, one of the leading restructuring advisory firms. Ray's statements are | 1.0× | 0 | 1.3k | 54 | 13 |
| 77 | Apr 29, '22 | Also: if you're a real person working on real problems, @aztecnetwork is hiring: - Cryptography - Full stack eng - BD, community, ops Requirements: - World class at what you do - P | 1.0× | 0 | 1.1k | 44 | 66 |
| 78 | Nov 17, '22 | ¶59 Human Resources: The entire FTX Group didn't have any employee management whatsoever, incapable of furnishing: - a list of employees - the terms of their agreements - each empl | 1.0× | 0 | 1.2k | 100 | 9 |
| 79 | Apr 29, '22 | Immediately I'm like, this motherfucker sounds like a Bond villain. I'm picturing a dude whose arm is actually a laser cannon and his eyeball is made of plutonium or some shit. "Th | 1.0× | 0 | 1.3k | 38 | 10 |
| 80 | Nov 8, '22 | tl;dr - CZ dumps $FTT - Alameda faces external margin calls, looks to FTX for liquidity - FTX depositors have withdrawn; piggy bank is broken - FTX's assets are loans Alameda can't | 1.0× | 0 | 937 | 130 | 73 |
| 81 | May 9, '22 | So now back to the Luna Foundation Guard: $UST has the same dynamics as many other algo-stables, except in addition to the "algo" part they also have LFG. In other words, UST is st | 1.0× | 0 | 1.2k | 39 | 19 |
| 82 | Nov 17, '22 | He immediately communicates distrust of any furnished financials. FTX US's balance sheet shows $1.36 billion in assets as of Sept 30th. "However, because this balance sheet was pro | 0.9× | 0 | 1.2k | 71 | 12 |
| 83 | Dec 1, '22 | Call me crazy, but I think the full court press media effort to make SBF look like he made an honest to goodness mistake rather than committing gargantuan fraud is coordinated. | 0.9× | 0 | 1.1k | 79 | 12 |
| 84 | Nov 17, '22 | ¶65 Digital Asset Custody: SBF and Gary Wang controlled all of FTX's digital asset personally, using a GROUP EMAIL ACCOUNT to share private keys, software to "conceal the misuse of | 0.9× | 0 | 989 | 83 | 29 |
| 85 | Nov 17, '22 | ¶46 explains there was roughly no corporate governance: "I understand that many entities, for example, never had board meetings." ¶50: "The FTX Group did not maintain centralized c | 0.9× | 0 | 1.1k | 70 | 17 |
| 86 | Nov 17, '22 | Thanks for following along. If you enjoyed this and want to retain access to my writing in case Twitter stops working, sign up for my e-mail list @fortyiq here: | 0.9× | 0 | 1.1k | 27 | 26 |
| 87 | Nov 17, '22 | "the secret exemption of Alameda from certain aspects of FTX . com’s auto-liquidation protocol." Theories that Alameda was liquidation-exempt on FTX--seem confirmed by Ray's initia | 0.8× | 0 | 991 | 75 | 10 |
| 88 | Nov 17, '22 | And that's before we're really into the bankruptcy proceedings! This is just the initial *first look* investigation into all the shenanigans happening inside of FTX. See here for t | 0.8× | 0 | 927 | 77 | 57 |
| 89 | Nov 17, '22 | ¶71 The investigative team includes: - a former Director of Enforcement at the SEC - a former Director of Enforcement at the CFTC - a former Chief of the Complex Frauds and Cybercr | 0.8× | 0 | 1k | 65 | 15 |
| 90 | Nov 17, '22 | ¶71: Sam basically used Signal to hide all of his decisions and communications with employees. | 0.8× | 0 | 910 | 83 | 22 |
| 91 | Nov 17, '22 | First off, some context. In a bankruptcy the first day affidavit is a comprehensive summary of how the entity got to this point and why it's requesting relief via corporate restruc | 0.8× | 0 | 1k | 46 | 17 |
| 92 | Nov 17, '22 | John Jay Ray III, the appointed overseer, is one of the most experienced restructuring executives in the world, having overseen Enron and a slew of other high-profile bankruptcies. | 0.8× | 0 | 1k | 47 | 8 |
| 93 | Nov 17, '22 | Roughly it says, "Look: we owe a lot of people a lot of money, and we don't know exactly know where it all is, but we're looking." It's supposed to be part of the initial Chapter 1 | 0.8× | 0 | 987 | 46 | 9 |
| 94 | Apr 29, '22 | But then he signs off the cover letter with this: "The world will see the great result from my hands." ... THE WORLD WILL SEE THE GREAT RESULT FROM MY HANDS 🚩🚩🚩 | 0.7× | 0 | 889 | 28 | 20 |
| 95 | May 9, '22 | Oh and follow me if you want to learn more about DeFi, scaling, and crypto privacy 🙏🏽 appreciate chy’all | 0.7× | 0 | 881 | 8 | 16 |
| 96 | Nov 17, '22 | Ray notes in ¶66 that $372 million in unauthorized transfers happened on the petition date (the FTX "hack"), but further that $300 million in FTT tokens were also minted AFTER THE | 0.7× | 0 | 804 | 63 | 15 |
| 97 | May 9, '22 | $UST is a dollar-pegged stablecoin that has depegged twice in the last few days, now hovering around $0.90 to the dollar. | 0.7× | 0 | 791 | 38 | 36 |
| 98 | Jun 13, '22 | But even worse than the pseudo-crypto vibe is Celsius' dangerous use of meaningless platitudes and strident anti-bank rhetoric: - Banking is Broken - Unbank Yourself - Replacing Wa | 0.6× | 0 | 802 | 39 | 13 |
| 99 | Nov 17, '22 | ¶76 Creating some distance between him and SBF: "Mr. Bankman-Fried, currently in the Bahamas, continues to make erratic and misleading public statements. Mr. Bankman-Fried...recent | 0.6× | 0 | 811 | 44 | 7 |
| 100 | Nov 17, '22 | Rough cash on hand: $564 million. | 0.6× | 0 | 776 | 36 | 9 |
| 101 | Apr 29, '22 | Postscript: "Bobby" updated his Github. It points to a completely new account now with more commits. I'm sure these guys are learning, adapting, getting smarter. Thankfully, they c | 0.6× | 0 | 794 | 9 | 4 |