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Tracy Wang Profile
Tracy Wang

@0x_tracy

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NEW: @hiframework / ex- @coindesk / NFA, opinions my own

nyc
Joined November 2016
Don't wanna be here? Send us removal request.
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@0x_tracy
Tracy Wang
3 months
belated update: I joined Framework Ventures last month as head of special projects! I'm excited to work alongside Vance, Michael and the rest of the @hiFramework team, who are high integrity and undeniably based It's bittersweet to leave journalism, but it's been an amazing
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@0x_tracy
Tracy Wang
9 months
Day 6: CAROLINE’S REVENGE omg my jaw is on floor. some revelations (in no particular order): -Caroline doctored different “internal” and “external” versions of Alameda’s balance sheets that removed certain line items. Line items like Alameda’s loans to insiders or open term
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@0x_tracy
Tracy Wang
1 year
caroline's leaked sbf diaries aside, there are some hidden gems in the new ftx docs Including: Sam's brother gabe proposed the FTX foundation buy a sovereign island nation to build a bunker for all the effective altruists and conduct research on human genetic enhancement
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@0x_tracy
Tracy Wang
1 year
FTX estate sold 890,000,000 SUI token warrants back to Mysten Labs for $96 million last month It was chalked up as a win because Mysten was buying it back close to the $101m FTX paid At SUI's current $12.8bn FDV, the tokens (8.9% of total supply) are worth ~$1.1 billion 😭😭😭
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@0x_tracy
Tracy Wang
2 years
tldr; most Alameda takes lean fud, but their playbook *appears* to be: 1) create token(s) out of thin air and amass in size 2) pump value of bags and reap magnified paper gains 3) use paper gains to borrow cash from thirsty lenders 4) deploy borrowed cash to farm ponzus
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@0x_tracy
Tracy Wang
8 months
@BirdCentralPark he is on a yellow-leafed tree by a staircase!! Just west of the waterfall
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@0x_tracy
Tracy Wang
8 months
NEW: A fun side plot in the Sam Bankman-Fried saga: While under house arrest, @SBF_FTX met with internet personality @TiffanyFong_ more than ten times hoping she'd tell his side of the story. Did his plan backfire? My story in @RollingStone :
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@0x_tracy
Tracy Wang
2 years
seeing some far-out takes from this Coindesk Alameda story to better clarify, here's some insights we can draw about Alameda's operations 🧵 disclaimers: not financial advice, not the official view of Coindesk, only Alameda knows the whole picture
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@0x_tracy
Tracy Wang
2 years
gm! @CoinDesk squad made it to @NYMag 🔥
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@0x_tracy
Tracy Wang
1 year
at Washington DC’s Union Station, the ads are basically all purchased by companies under investigation by the feds @Ripple @tiktok_us
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@0x_tracy
Tracy Wang
11 months
After two years, I’m sad to say Monday was my last day at @CoinDesk . I’m proud of the editorial team and all the amazing work we did, which included FTX coverage that won a @PolkAwards . Yesterday (timely!), we were also named a finalist in the @LoebAwards . THREAD 🧵/12:
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@0x_tracy
Tracy Wang
9 months
Some personal news: I'm excited to cover the SBF criminal trial for @RollingStone ! First up, this piece about my visit to the Bahamas last September, where I went inside the infamous $40m penthouse and got a unfiltered glimpse of SBF's bizarre lifestyle. (There was lots of
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@0x_tracy
Tracy Wang
9 months
PSA: This "leaked" version of the Alameda All-Hands audio is not legitimate. It has been doctored to remove the crucial part [around 13:59] where Caroline says Sam, Nishad and Gary were aware. 🚨 I was in the courtroom when the prosecution played Government Exhibit 433E to the
@josusanmartin
Josu San Martin
9 months
Caroline Ellison's November 9 all-hands meeting. Cleaned up audio and removed silences.
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@0x_tracy
Tracy Wang
2 years
@tier10k judge p based
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@0x_tracy
Tracy Wang
8 months
SBF Jury Verdict: GUILTY 7/7 Counts -verdict reached at 7:40, four and a half hours after deliberation started -it’s Nov 2, the exact 1-yr anniversary of the CoinDesk Alameda balance sheet story that set FTX’s collapse in motion -audible gasp in room when we heard a verdict
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@0x_tracy
Tracy Wang
1 year
wow, a Polk award! it’s been an honor to work with @ianallison123 (the most humble guy and a silent killer!), @inkbacker (my superstar editor), and the rest of the amazing team at @coindesk dear crypto: y’all are batshit crazy and the greatest beat i could hope for 😘
@CoinDesk
CoinDesk
1 year
We are proud to announce that CoinDesk has been honored by @polkawards , a major journalism prize, for @IanAllison123 ’s scoop that led to the collapse of @SBF_FTX ’s crypto empire @FTX_Official and two explosive follow-ups by Allison and @0x_tracy .
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@0x_tracy
Tracy Wang
2 years
the iconic @Pudgy_Penguins under new leadership if u want to understand nfts, read this story insane shenanigans, such a joy to write 🥰
@CoinDesk
CoinDesk
2 years
EXCLUSIVE: The @Pudgy_Penguins NFT collection has been sold to LA-based entrepreneur @LucaNetz in a 750ETH ($2.5 million) deal. @0x_bae reports
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@0x_tracy
Tracy Wang
2 years
but we have little info on who Alameda's creditors are and the nature of their loan agreements (maybe a big creditor/backstop could just be sam?) well, maybe i have a little *gossip*: there's a major crypto lender out there that's always trying to lend out, uh...FTT 😛
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@0x_tracy
Tracy Wang
11 months
minted a Trump NFT months ago (obviously!) and won a "Zoom Call w/President Trump" thought he rugged but turns out it's happening!!! SEPT 19 @ 3:45 PM ET ✅ we need the gossip on his indictment (and, of course, his next drop) in my shitposting era now so obvi will livetweet
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@0x_tracy
Tracy Wang
9 months
one last hurrah at the @LoebAwards !! so proud of @CoinDesk 🥰 (we won in the beat reporting category, but now is there even a crypto beat left??? 😭😭😭) there were some other legends in the room too! 👀
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@CoinDesk
CoinDesk
9 months
Journalists at @CoinDesk won prestigious Gerald Loeb Award, widely considered the top prize in financial and business journalism, for exposing Sam Bankman-Fried’s cryptocurrency empire.
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@0x_tracy
Tracy Wang
9 months
Caroline Part II - Day 6 Afternoon my notes/observations in no particular order: 👇 -Caroline said the version of Alameda's balance sheet that someone leaked to CoinDesk was the "external" version that they sent out to lenders, not the "internal" version that showed stolen
@0x_tracy
Tracy Wang
9 months
Day 6: CAROLINE’S REVENGE omg my jaw is on floor. some revelations (in no particular order): -Caroline doctored different “internal” and “external” versions of Alameda’s balance sheets that removed certain line items. Line items like Alameda’s loans to insiders or open term
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@0x_tracy
Tracy Wang
2 years
the best stories to write are sleuthy, spicy, low-key hilarious, and outrageous in a way that's distinctly "crypto" like this banger about a multi-billion dollar DeFi scheme built by a gang of 11 anonymous Solana devs ...which turns out, is just one guy
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@0x_tracy
Tracy Wang
2 years
last tuesday was my one-year anniversary at @CoinDesk ! covering crypto this past year has been absolutely *crazy* and surpassed my wildest dreams in terms of fun i met so many brilliant ppl, traveled to exotic locales, and laughed a lot while scrolling cryptotwitter
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@0x_tracy
Tracy Wang
9 months
Caroline said Sam considered buying Forbes, a publication that gave him massive influence by inflating his net worth My first job in journalism was working on the Forbes billionaires team. I'm familiar with their calc method-- and this out in June 2022!
@0x_tracy
Tracy Wang
2 years
surprised that @SBF_FTX is still marked at $20.5bn net worth, given he was $22bn last oct and market puked massively since then ...this is coming from a former reporter on the @Forbes wealth team [that calcs the rich lists] and knows the methodology 😉
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@0x_tracy
Tracy Wang
1 year
As a stuffed animal maxi (and coindesk's former pengu reporter lol), I'm SO HYPE for @pudgypenguins plushies :3 I am my penguin and my penguin is me Sushi pudgy 🥰🥰🥰
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@0x_tracy
Tracy Wang
9 months
SBF ADDERALL UPDATE: -Sam is expected to get his extended release Adderall on Thursday. Defense asks to adjourn until Thursday or get permission to administer Sam his additional dose themselves. Kaplan shuts it down: "I can't have lawyers coming in and giving drugs to people on
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@0x_tracy
Tracy Wang
2 years
one thing every journalist must know about sam is that he doesn't value 'truth' as a value in itself. He'll lie. media was always a means to an end, a way to lever up on impact. If you *really* want to know what sam thinks, you have to catch him off guard
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@0x_tracy
Tracy Wang
7 months
My @RollingStone feature on @TiffanyFong_ made it to the December print edition! (and Tiff looks HOT) 🔥 Much thanks to @NoahShachtman for the opportunity and @KateLStorey who edited my coverage ❤️ Will be offline for a bit. See ya’ll in 2024 😘
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@0x_tracy
Tracy Wang
8 months
NEW: A fun side plot in the Sam Bankman-Fried saga: While under house arrest, @SBF_FTX met with internet personality @TiffanyFong_ more than ten times hoping she'd tell his side of the story. Did his plan backfire? My story in @RollingStone :
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@0x_tracy
Tracy Wang
3 years
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@0x_tracy
Tracy Wang
8 months
GX 1630: SBF ("I'm not involved in Alameda's trading decisions") tells Caroline over Signal to pump MAPS/OXY, over concern that their price is too low
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@0x_tracy
Tracy Wang
8 months
GM SBF, a man who loves double or nothing coin flips, goes for one last flip
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@0x_tracy
Tracy Wang
9 months
Some investors Sam wanted to reach out for funds in Nov 22: -Pete Briger (Fortress) -Dustin Moskovitz (Facebook, EA) -Jane Street -Justin Sun ("Nope, turns out he's close to CZ") -Deltec/Tether -Silverlake/Sequoia/Apollo/Mubadala Spinning the liquidity crunch as "Binance has
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@0x_tracy
Tracy Wang
2 years
@FTX_Official ...and approximately "130 additional affiliated companies"? wow exact number not even known
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@0x_tracy
Tracy Wang
2 years
rip alameda hat + hoodie adding these to my growing pile of historic crypto relics
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@0x_tracy
Tracy Wang
8 months
Gn! Thanks to all who followed my SBF coverage the past year on Twitter, @RollingStone and @CoinDesk ❤️ What a guy, what a story. May post some more thoughts later 🫡
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@0x_tracy
Tracy Wang
2 years
so sam [almost] bought zero strike blockfi call options with a credit line? ...because he was the only bidder willing to be subordinate to customer deposits lol our benevolent baron
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@0x_tracy
Tracy Wang
2 years
OXY is a particularly egregious example its circulating market cap is $9m today its fully diluted market cap is $440m (!) this low float/high fdv tokenomics was actually quite common for a lot of the Solana ecosystem tokens
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@0x_tracy
Tracy Wang
2 years
this kind of borrowing *could* be concerning given recent blowups with 3AC and the crypto lenders (Celsius, Voyager, BlockFi, Genesis, etc.) also, lenders probably viewed Alameda as highly credit-worthy, given Sam was plastered on the cover of Forbes with a $20b+ net worth
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@0x_tracy
Tracy Wang
1 year
thank you @NYPressClub for @CoinDesk ’s National Business Reporting award! @petepachal larping as @IanAllison123 🔥🔥
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@0x_tracy
Tracy Wang
2 years
@HsakaTrades also a big shoutout to the twitter anons that helped separate signal from noise was a big help to the newsroom 🫡
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@0x_tracy
Tracy Wang
2 years
my *guess* is Alameda probably at one point had $10b+ in loans (under)collateralized by their FTT and Solana bags with ample cash, Alameda can then make the real easy money: farming defi protocols and deploying billions into whatever other strategies they wanted to run
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@0x_tracy
Tracy Wang
2 years
ok, so if you're Alameda, how do you get maximum utility from these bags? (hint: it's not to dump them) selling size would just tank price and it's not a great look to massively dump on the ecosystem that sam is publicly backing, plus huge amounts are still locked
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@0x_tracy
Tracy Wang
2 years
have been saying all this time @pudgypenguins are *the* best story in crypto hearing goldman sachs is forming an investor group rn to buy up distressed 3ac rogs
@etheraltog
alto | dollar.eth
2 years
tbt when the mystery pudgy penguin whale turned out to be 3ac. maybe lenders can claw some rogs back
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@0x_tracy
Tracy Wang
3 years
made it to r/PSTH :')
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@0x_tracy
Tracy Wang
9 months
My Top Frivolous Takeaways from the SBF Trial: 🙃 1. Adam Yedidia wins "Best Witness." Guy is like a human ChatGPT. Ask him a question, he delivers a clear, concise answer within the parameters of the question. An excerpt from a cross-examination about the number of users FTX
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@0x_tracy
Tracy Wang
2 years
instead, Alameda can *borrow* against their bags... for cash! this is supported by the balance sheet, which says $2.1bn of FTT (& other tokens) were being used as collateral as of June 30, Alameda had $7.4bn in loans (and less than that amount as pledged collateral)
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@0x_tracy
Tracy Wang
11 months
If anyone is looking for a freelancer to cover SBF’s trial for the next few months, send me a DM! I'm incredibly grateful and look forward to what comes next. For now, just find me (shitposting) on Twitter 😊❤️
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@0x_tracy
Tracy Wang
8 months
NEW: SBF will testify!!! Per a planning call w/Judge Kaplan and counsel today: Cohen says they may call witnesses Crystal Rolle (Bahamas Security Commission attorney) and Joseph Pindley (?, data expert) ...then SBF will likely take the stand 🍿🍿🍿
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@0x_tracy
Tracy Wang
10 months
UPDATE: I tuned into a "live group Zoom call" for Trump's @CollectTrump cards NFT sweepstakes winners. Uh, it was bizarre, but what can you expect?? HIGHLIGHTS: 👇👇👇 Trump promised he'll get "low interest rates again" so "people can buy houses" Said he built "500 miles of
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@0x_tracy
Tracy Wang
11 months
minted a Trump NFT months ago (obviously!) and won a "Zoom Call w/President Trump" thought he rugged but turns out it's happening!!! SEPT 19 @ 3:45 PM ET ✅ we need the gossip on his indictment (and, of course, his next drop) in my shitposting era now so obvi will livetweet
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@0x_tracy
Tracy Wang
1 year
ok somehow this CoinDesk scoop became the notorious "polycule" story but let the record reflect the three sbf roommates/FTX exec first mentioned here (Gary, Nishad, Caroline) have now all pled guilty + cooperating with SDNY
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@0x_tracy
Tracy Wang
2 years
milady cigs, no juul purrrrr wen fed skoops '08 rothko knit by gay chris dixon exit liq drip #NewProfilePic
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@0x_tracy
Tracy Wang
8 months
@BirdCentralPark to be clearer, he is on this tree at the foot of these stairs
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@0x_tracy
Tracy Wang
9 months
@matt_levine this is absolutely wild but my favorite bit is maybe when the part of the meeting where Caroline mentions Sam/Gary/Nishad as being aware is straight-up cut out:
@0x_tracy
Tracy Wang
9 months
PSA: This "leaked" version of the Alameda All-Hands audio is not legitimate. It has been doctored to remove the crucial part [around 13:59] where Caroline says Sam, Nishad and Gary were aware. 🚨 I was in the courtroom when the prosecution played Government Exhibit 433E to the
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@0x_tracy
Tracy Wang
2 years
wow, now im a deputy managing editoooor 🙃
@Aoyon_A
Aoyon Ashraf
2 years
Personal update: Starting today, I will be the Managing Editor of companies/business for @CoinDesk , with @0x_bae as my deputy. Will cover/oversee a lot more than just crypto mining, with the help of THE best and the smartest team I have ever had the pleasure to work with!
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@0x_tracy
Tracy Wang
2 years
Alameda amassed giant bags of tokens tied to FTX and the Solana ecosystem (FTT, SOL, SRM, FIDA, MAPS, OXY) these are fairly illiquid tokens with low float and high fully diluted market cap it means there's not a lot of the token in circulation -- it's all just sitting somewhere
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@0x_tracy
Tracy Wang
8 months
Somber mood, post press conference
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@0x_tracy
Tracy Wang
8 months
SBF GUILTY 7/7 Counts
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@0x_tracy
Tracy Wang
1 year
Yes, FDV is an inflated metric and this was meant to be a bit of a shitpost but Mysten launching $SUI at $10bn+ FDV just three weeks after their sweetheart buyback deal with JJR is finalized is pretty chad the devil works hard but a venture-backed crypto project launching a
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@0x_tracy
Tracy Wang
2 years
nice, @CoinDesk shoutout in the SEC charges 🫡
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@0x_tracy
Tracy Wang
2 years
lol this sounds about right @laurashin #Cryptopians
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@0x_tracy
Tracy Wang
1 year
it’s jan 8th 👀
@cameron
Cameron Winklevoss
1 year
Earn Update: An Open Letter to @BarrySilbert
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@0x_tracy
Tracy Wang
2 years
soon the tell-all
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@0x_tracy
Tracy Wang
2 years
the @coindesk editorial team is looking to hire reportooors + editooors +finally learn what 'web3' is all about +gossip with F500 ceos & anon hentai degens alike +vibe at @consensus2023 +wake up to new crypto drama every day, guaranteed
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@0x_tracy
Tracy Wang
4 months
gm ☀️
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@0x_tracy
Tracy Wang
9 months
INSIDE THE COURTROOM SBF Trial Day 2: 🧵 tldr: -12 jurors selected (3🚹, 9🚺) -opening arguments delivered by ADA Rehn and Cohen -testimony from two witnesses; 1) a FTX victim and 2) Adam Yedidya, who has immunity. He’s a Bahamas penthouse roomate, longtime friend of Sam’s and
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@0x_tracy
Tracy Wang
1 year
3AC rogs up for liquidation [48 in total] 🚨 also up for sale: 46 wrapped @pudgypenguins [sans shark pengu, 7 wrapped in contested starry night portfolio] saga continues for the Huddle 👀👀👀👀
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@cole0x
Cole
1 year
Got the 3AC NFT sale list from the joint liquidator — looks like there are going to be some juicy deals most likely
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@0x_tracy
Tracy Wang
8 months
If only SBF read the Bible, he would have realized his fate was inevitable Samson, from the Book of Judges: -literally both named Sam -derived his power from his long hair -betrayed by his lover -sent to jail
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@0x_tracy
Tracy Wang
1 year
it’s literally all ripple ads
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@0x_tracy
Tracy Wang
11 months
Ironically, doing our job well fueled the collapse of the entire crypto industry, and inadvertently, our own company. CoinDesk is a special place and I hope it lives on in good hands. 🫡 2/
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@0x_tracy
Tracy Wang
1 year
gm Coinbase v. SEC leggggoooo
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@0x_tracy
Tracy Wang
1 year
kicking off @Interop_Summit this morning in Denver with @MariaShen , @marek_ , @Austin_Federa and @StaniKulechov thanks all for attending! 😊
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@0x_tracy
Tracy Wang
2 years
@mgnr_io @CoinDesk @GoldmanSachs @CelsiusNetwork just to clarify, gs is coordinating the raise
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@0x_tracy
Tracy Wang
2 years
of course $FTT nukes on a night when it's a lunar eclipse conjunct uranus
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@0x_tracy
Tracy Wang
9 months
All the other crypto billionaires (CZ, Brian Armstrong) were getting massively marked down, but not Sam Thinking about media that got played by Sam gets me so mad 😡
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@0x_tracy
Tracy Wang
2 years
uhhh, maybe it's time to avoid exchanges that end in 'X' X.X
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@0x_tracy
Tracy Wang
2 years
at Kono, an omakase yakitori counter in the LES, a based server (Louis) will simply just grab your phone to make sure your food pics, too, get the VIP treatment
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@0x_tracy
Tracy Wang
1 year
NEW: Feds are investigating *that* dev who made 11 anon alts in order to build Solana ponzis that pumped billions in TVL only to soft rug and later move over to Aptos Just imagine what Ian, Avi and Sam could accomplish together
@CoinDesk
CoinDesk
1 year
SCOOP: The U.S. Department of Justice is investigating the two brothers behind Solana stablecoin exchange Saber, Ian and Dylan Macalinao, according to two people familiar with the matter. @realdannynelson reports
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@0x_tracy
Tracy Wang
9 months
SBF Trial Day 5: CAROLINEEEEE 1. Caroline struggled to identify Sam in the courtroom, and when asked to identify an article of clothing he wore, she said "a suit." AUSA Sassoon: Do you see the defendant Sam Bankman-Fried in the courtroom today? *long pause* Ellison: Yes, I
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@0x_tracy
Tracy Wang
4 months
why wasn't I included on SBF's list of helpful reporters when he was trying to spread the "SBF died for our sins" narrative? RUDE!!!
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@0x_tracy
Tracy Wang
9 months
More Nishad notes: -Sam asked Gary and Nishad to transfer their locked SRM to Alameda to make it look like Alameda had collateral for FTX's margin system. It was to "fool" the CFTC. Nishad refused to do it. -Nishad says he only learned that Alameda was using FTX customer funds
@0x_tracy
Tracy Wang
9 months
SBF Trial Week 3/Day 9 AM: NISHAD SINGH ON FTX’s LAVISH SPENDING notes in no particular order: -Nishad grew up in the Bay Area, was close friends with SBF’s brother, Gabe Bankman-Fried -Nishad owned 6-7% of FTX equity. Third largest owner after Sam and Gary. Nishad got paid
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@0x_tracy
Tracy Wang
8 months
NEW: Sam’s extensive weasel word vocabulary was on full display during his Monday cross-examination “I’m not entirely sure” “that’s not how I thought of it” “depends on the context” “it’s possible” etc.
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@0x_tracy
Tracy Wang
3 years
@BillAckman trying to make MaaS happen $PSTH $UMG
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@0x_tracy
Tracy Wang
1 year
popped by @solana ’s hacker house today vibes were not exactly: ‘hot sol summer, WAGMI’ but still a healthy sprinkling of devs showed up to hang in a purple room and they really do not give a shit that Gary thinks SOL is an unregistered security
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@DeadCaitBounce
Caitlin Cook | Moonwalk Fitness 🌘
1 year
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@0x_tracy
Tracy Wang
1 year
…aaaand we’re back to the #Bitcoin as a store of value narrative 😎
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@0x_tracy
Tracy Wang
2 years
@EvgenyGaevoy men would rather draw lines on charts instead of going to therapy
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@0x_tracy
Tracy Wang
8 months
@BirdCentralPark Great photo op with the foliage. there’s also a lookout with a direct view of him
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@0x_tracy
Tracy Wang
9 months
Day 7: CAROLINE’S CROSS-EXAMINATION tldr: nothing was really examined 😒 -honestly, a bit of a snoozer. Cohen seems disorganized, lost his train of thought a few times, lots of page flipping, long pauses. No coherent narrative via his line of questioning. Lots of objections
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@0x_tracy
Tracy Wang
9 months
Witnesses on deck for the SBF Trial: -Elan Dekel, FTX customer -Rich Busick, FBI agent -Nishad Singh, FTX head of engineering -Ramnik Arora, FTX head of product -Delaney Ornelas, Alameda employee -Tareq Morad, FTX customer i think Ramnik may be the other witness that got
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Tracy Wang
8 months
FLACO SIGHTING 🚨 He’s snoozing on a tree at the foot of the staircase just west of the North Woods Loch Waterfall
@0x_tracy
Tracy Wang
8 months
@BirdCentralPark he is on a yellow-leafed tree by a staircase!! Just west of the waterfall
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@0x_tracy
Tracy Wang
4 months
SBF also drafted a proposal to relaunch FTX as "Archangel LTD" proposal outlined dropping ~17m shares and ~5m FTT tokens to account holders
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@0x_tracy
Tracy Wang
2 years
imagine sam testifies tomorrow from a bahamas prison cell ☠️☠️☠️
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