FTX ex-staffer: Extravagant expenditures and cult-like worshipping of SBF
A former employee of crypto exchange FTX has seemingly exposed the company’s excessive luxury expenditures, obsessive workplace culture and grueling work hours leading to the hiring of a company psychiatrist in the year before its collapse.
Danielle Cloud, a former employee of FTX claiming to work in the marketing department, posted a series of Tweets on Dec. 13 saying FTX employed her in Oct. 2021 before she resigned roughly two weeks ago.
1. My ex - FTX Two(ish) weeks ago, I formally resigned from my position as an FTX employee.
“Things felt off. Cult-like,” Cloud wrote, describing the feeling when she first joined the exchange and comparing it to fraudulent ventures such as the luxury music festival Fyre Festival and health technology company Theranos.
She claimed to have “never heard of” FTX or its founder Sam Bankman-Fried but said “everyone employed at FTX was obsessed” with him.
“I supposed it made sense. The kid was young, the principles were revolutionary, the ideas were golden [...] who was I to challenge that?”
Cloud claimed the “best way” to land a role at FTX was to “be the female spouse of an existing employee” who could apparently within “a month or two” make their way into an executive position.
“Those who challenged it were churned,” she claimed.
Time off from work was also a “joke” according to Cloud. “The work week was Monday to Sunday,” she said and a coworker was “chewed out” for asking if the company had time off for Thanksgiving.
Cloud started as a Know Your Customer (KYC) analyst at FTX US, the company’s United States arm, and was promoted to a full-time marketing role in May 2022 — a position that required her “to work out of the Bahamas majority of the time.”
“The entire operation was iconically and
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