SBF is on house arrest after turning $100k into $250m

GM Baos,

Merry Christmas or happy Boxing Day, wherever you are in the world 🙂❤️

Today we cover:

• SBF released on $250m bail

• The most watched assets on Binance

• Twitter $Cashtags

A day in the life of SBF

OOF— Sam Bankman- Fried (SBF) was released on bail.

Let's break down everything that led to this point...

SBF's time in the Bahamas

When SBF was arrested in the Bahamas, he was sent to Fox Hill. A prison with a reputation for exceptionally harsh conditions. In 2021, the U.S. State Department flagged this maximum security prison for having rats, maggots and insects. The report also noted conditions to pose "significant human rights issues" due to overcrowding and inadequate meals/sanitation.

SBF was housed in sick bay. He stayed there with five other inmates in a dorm setting. Initially reports said he was not receiving special treatment, but it looks like he did. A report by Financial Times says he had access to running water, crossword puzzles, a TV and vegan meals. He spent his days reading articles about himself and watching the news.

It's giving ✨ privilege ✨

SBF extradited to the U.S.

After four days in the Bahamas prison, SBF was like NOPE and seeked extradition to the U.S. He arrived in the states on Thursday, where he appeared in court, faced eight criminal accounts and was granted $250m bail.

Where does this leave us?

SBF is at his parent's house in Palo Alto, on house arrest awaiting trial. Meanwhile, Caroline Ellison and Gary Wang plead guilty and snitch on everyone involved. It's safe to say Sam and Caroline are never ever getting back together.

Btw — it's hilarious to me that after seeing these pictures, some girls on CT are simping for SBF 😭

The top 3 most watched assets were...

Are we really surprised to see SHIB was the third most watched asset on Binance in 2022!? There's a lot of excitement within the community over the SHIB metaverse (supposedly launching in 2023). Will this meme coin turned Layer 2 be a success? IDK, but I'm rooting for it 🐕

Elon Musk's version of Twitter 🐦

I think Twitter changes everyday...

This is pretty cool though. When you click on a Cashtag for a popular stock, ETF or crypto, a pricing graph now pops up. You can also search for symbols directly. Try it with $BTC and $ETH 🤭

What else has Elon done with Twitter?

• The Twitter Blue revamp: 50% ads, longer videos & a blue checkmark

• Squares & gold checkmarks for verified businesses

• Removed the ability to see which device a tweet was posted from

• Switched the order for replies, retweets & likes on IOS (this really messed w/ me)

• VIEW COUNT: now see how many times a tweet has been viewed

I'm not mad aBAOt these new changes.

My favorite would be the square profile pictures and the new $Cashtag data. I'm guilty of checking Twitter before TradingView to see what price BTC is at (the sentiment tells it all). So being able to check the exact price without leaving Twitter is a game changer. What are your thoughts, do you like Elon Musk's Twitter?

Bao-Sized News

• Mr Beast tweets "Can I be the new Twitter CEO?" and Elon Musk says it's not out of the question 😱

• Waves CEO asked all CEXs to remove $WAVES futures as their stablecoin depegged

• Coinbase stock ($COIN) hits all time lows

• Axie Infinity: Origins passed the Google Play Store review

Made us Kek

If KangarWu made me look at this image, y'all get to see it too

Toga baos UNITE 💓

Guess who made it into Hypemoon's holiday gift guide? 👀

❤️ love you all.

–Cassidy