I work for the Internet and am an advisor to <a class="tweet-url username" href="https://twitter.com/stripe" data-screen-name="stripe" target="_blank" rel="nofollow">@stripe</a>. These are my personal opinions unless otherwise noted.

Patrick McKenzie

This follows some pretty interesting gamesmanship by both sides during the bidding process, with Voyager saying that FTX had submitted a stink bid and FTX saying LOL you think you have enterprise value. https://t.co/gXHW1p3cLW

Today, after a competitive auction aimed at returning maximum value to customers, @FTX_Official US was selected as the highest and best bidder. Press release linked below. More information about what this agreement means for customers to follow.
https://t.co/OmOd7pvSza

Award-winning mobile app with over 100 cryptocurrencies and a USD Coin-powered Debit Mastercard®. Making crypto for all simple and rewarding.

Voyager

Stink bid is a term of art meaning that one could not reasonably believe that is the price something would go for if it is fairly valued.

I work for the Internet, at @stripe, mostly on accelerating startups.

from Patrick McKenzie | by Patrick McKenzie