# SBF Donates 99% of Fortune Ahead of Schedule *The Rug's Mostly Credible Newsletter #6* By [The Rug](https://therugnews.com) · 2022-11-15 --- Letter From The Editor ---------------------- ![](https://storage.googleapis.com/papyrus_images/d8c302d4358254d2a2e018be4ec3af75.jpg) Dearest Eyeballs. Prescriptions may be necessary. Wow a lot going on in crypto in the last few weeks. SBF donated 99% of his fortune [ahead of schedule](https://twitter.com/TheRugNews/status/1590360956882022401?s=20&t=Yitz97Tu-MrHReWHoz3PqQ), Twitter has introduced Sumo-esque hazing [techniques](https://twitter.com/TheRugNews/status/1589777596040228864?s=20&t=Yitz97Tu-MrHReWHoz3PqQ), a Bigfoot NFT was [listed](https://twitter.com/TheRugNews/status/1586217614384168961?s=20&t=Yitz97Tu-MrHReWHoz3PqQ) on OpenSea, and Binance's CZ and SBF are slated to fight on the playground [after school.](https://twitter.com/TheRugNews/status/1590491576362733571?s=20&t=Yitz97Tu-MrHReWHoz3PqQ) After a bye week at BanklessDAO, The Rug is rip-roaring through Season 6, we've shipped [another episode](https://anchor.fm/therugnews/episodes/Under-The-Rug--Ep--6-Redacted-e1q0qfi) of Under The Rug, published a few more articles to our [Mirror account](https://therug.mirror.xyz/), and minted [Lil Ruggy](https://opensea.io/collection/lil-ruggy) on Polygon, which airdrops to OG The Rug NFT Vol. 1 collectors, _forthcomingly_. We're gearing up to ship the first issue of our Volume 2. NFT this month (allegedly, supposedly), and we're stoked we shipped a tweet that [got over 700 likes](https://twitter.com/TheRugNews/status/1590360956882022401?s=20&t=Yitz97Tu-MrHReWHoz3PqQ) on Twitter. Right time + right place = bandwidth. Plug your noses, let's dive in. * * * But First, WTF is The Rug Newsletter? ------------------------------------- > The Rug is Web3’s mostly credible news source. We take money, seriously. The Rug places a _satirical lens on crypto-culture_. Think "The Onion" for Web3. Our Newsletter publication includes: * The funniest articles * The best headlines * Behind the scenes podcasts * Throwback newspaper-style NFTs * Much, much less All of the above we aim to produce on a regular basis, and The Rug’s Newsletter is where you can catch them all in one spot, shipped str8 to your inbox. Do [rug](https://paragraph.xyz/@therugnews/subscribe) a friend. * * * Articles ======== BREAKING — CZ, SBF To Fight On The Playground After School ---------------------------------------------------------- ![](https://storage.googleapis.com/papyrus_images/20268ac4d19987ac4e2fa78873155b67.png) Binance's CZ and FTX's SBF are [out for blood.](https://twitter.com/TheRugNews/status/1590491576362733571) Apparently CZ said, "I want some cocktail, _fruit_!" during their last encounter. Inside sources say they are slated for a cage match near the monkey bars on the playground at dusk. [In this article](https://therug.mirror.xyz/dDrpPEiLoEfnWzv1CQ2LqQhAO0KrXRuHOLgCfgJmST0) by [Redemption Fox](https://twitter.com/RedemptionPhox), we take a look at just how such a match may fair. _The seeds of today’s events were allegedly planted a few days ago in the cafeteria when CZ mocked SBF for having so many letters in his nickname._ Read the full article [here](https://therug.mirror.xyz/dDrpPEiLoEfnWzv1CQ2LqQhAO0KrXRuHOLgCfgJmST0), and collect it as an NFT on Optimism for .002 ETH. TECHNOLOGY — Apple Permits NFTs So Long As They Dont Do Shit ------------------------------------------------------------ ![](https://storage.googleapis.com/papyrus_images/b1b33ac8c9afd2fca3ff9aac6724abab.png) The egg-heads at Apply are [long](https://twitter.com/TheRugNews/status/1591263276394254336?s=20&t=Yitz97Tu-MrHReWHoz3PqQ) NFTs. So much so that they've authorized integrating them into their coveted app store. There is only one caveat, "they can't do shit" In [this article](https://therug.mirror.xyz/wHcf6k57QiAcZ8L4Nd9MIwUGNDXp8EQ82NDxT_N4JCk) by [Frank America](https://twitter.com/thefrankamerica) we look at just how awesome that could really be. _"If we don't like the tune a particular NFT project is playing, we can just mute them," said a operations lead who spearheaded the initial messaging around the collectibles feature._ Read the full article [here](https://therug.mirror.xyz/wHcf6k57QiAcZ8L4Nd9MIwUGNDXp8EQ82NDxT_N4JCk), and collect it as an NFT on Optimism for .002 ETH. * * * Headlines ========= ### BREAKING — SBF Donates 99% of Fortune Ahead of Schedule Everyone loved crypto's golden child Sam Bankman-Fried, and not because he purportedly was going to [open](https://therug.mirror.xyz/O3Giyet6djcu7PUB92s2pGA7cQaQc6Yw5OM1zBLLP_0) a Fried Chicken franchise. In this newest event, his philanthropic goals were put into top priority as he donated, as promised, most of his net worth away. [![User Avatar](https://pbs.twimg.com/profile_images/1459983921060335621/G7QEOxAZ_normal.jpg)](https://twitter.com/TheRugNews) [The Rug | Crypto News](https://twitter.com/TheRugNews) [@TheRugNews](https://twitter.com/TheRugNews) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/TheRugNews/status/1590360956882022401) BREAKING — SBF Donates 99% of Fortune Ahead of Schedule ![View image on Twitter](https://pbs.twimg.com/media/FhIIIy0XEAA1IVY?format=jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 783](https://twitter.com/TheRugNews/status/1590360956882022401)[ 09:09 AM • Nov 9, 2022 ](https://twitter.com/TheRugNews/status/1590360956882022401) ### UPDATE — SBF No Longer Liquid Enough To Open Sam Bankman-Fried Chicken Franchise SBF no longer has enough liquidity to open that coveted Fried Chicken franchise. It's unfortunate. We were all looking forward to actually getting what we paid for. [![User Avatar](https://pbs.twimg.com/profile_images/1459983921060335621/G7QEOxAZ_normal.jpg)](https://twitter.com/TheRugNews) [The Rug | Crypto News](https://twitter.com/TheRugNews) [@TheRugNews](https://twitter.com/TheRugNews) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/TheRugNews/status/1590147322046185472) UPDATE — SBF No Longer Liquid Enough To Open Sam Bankman-Fried Chicken Franchise https://twitter.com/TheRugNews/status/1573361319599919105 ![View image on Twitter](https://pbs.twimg.com/media/FhFWjnDX0AAGt54?format=jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 29](https://twitter.com/TheRugNews/status/1590147322046185472)[ 07:00 PM • Nov 8, 2022 ](https://twitter.com/TheRugNews/status/1590147322046185472) ### CULTURE — Elon’s Process For Onboarding New Twitter Hires Loosely Based on Ancient Sumo Wrestling Hazing Onboarding tactics at twitter have gone a bit haywire. Some have likened it to the outlandish tactics often employed in Sumo wrestling. [![User Avatar](https://pbs.twimg.com/profile_images/1459983921060335621/G7QEOxAZ_normal.jpg)](https://twitter.com/TheRugNews) [The Rug | Crypto News](https://twitter.com/TheRugNews) [@TheRugNews](https://twitter.com/TheRugNews) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/TheRugNews/status/1589777596040228864) CULTURE — Elon’s Process For Onboarding New Twitter Hires Loosely Based on Ancient Sumo Wrestling Hazing ![View image on Twitter](https://pbs.twimg.com/media/FhAGTChXEAAUM07?format=jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 8](https://twitter.com/TheRugNews/status/1589777596040228864)[ 06:31 PM • Nov 7, 2022 ](https://twitter.com/TheRugNews/status/1589777596040228864) ### BUSINESS — Revised CEX Roadmap Focuses on Getting CEO in Shape for Prison CEOs need to get their reps in. Now-a-days it's the DeFi protocols that get settled, and the CeFi exchanges filing for Chapter 11 bankruptcy, but not before they pay off their DeFi debts. Wow, the power of code! [![User Avatar](https://pbs.twimg.com/profile_images/1459983921060335621/G7QEOxAZ_normal.jpg)](https://twitter.com/TheRugNews) [The Rug | Crypto News](https://twitter.com/TheRugNews) [@TheRugNews](https://twitter.com/TheRugNews) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/TheRugNews/status/1592302913027997698) BUSINESS — Revised CEX Roadmap Focuses on Getting CEO in Shape for Prison ![View image on Twitter](https://pbs.twimg.com/media/Fhj_DmiWAAAP8Af?format=jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 7](https://twitter.com/TheRugNews/status/1592302913027997698)[ 05:46 PM • Nov 14, 2022 ](https://twitter.com/TheRugNews/status/1592302913027997698) * * * Under The Rug Podcast --------------------- ![](https://storage.googleapis.com/papyrus_images/b02a9873211c95d8a9628a78016ab215) **Under The Rug** is a crypto-comedy podcast based on the hardest hitting headlines in Web3. In each episode a rotating cast of the comedians at The Rug get together to chop peanuts, craft jokes, and discuss things semi-crypto comedy related. Our sixth episode, entitled, “[R](https://anchor.fm/therugnews/episodes/Under-The-Rug--Ep--6-Redacted-e1q0qfi)[edacted](https://anchor.fm/therugnews/episodes/Under-The-Rug--Ep--6-Redacted-e1q0qfi)" is now available. In this [sixth episode of Under The Rug](https://anchor.fm/therugnews/episodes/Under-The-Rug--Ep--6-Redacted-e1q0qfi) subjects mentioned included cancelling your credit card to annoy monthly subscription services, Michael Saylor impersonations, the historical personage known as 'Rugstradamus', the multi-leveled nature of calling the merge, _mergé_, SBF conspiracy because his name is literally Bank Man, and much much less… * * * The Rug Original NFTs --------------------- ![](https://storage.googleapis.com/papyrus_images/01fc73a9070b0615d6821033de9e59b4.jpg) Between Nov of 2021 & March of 2022 The Rug [shipped six classically inspired news NFT’s](https://therug.mirror.xyz/6hSdcsTvShGr0mwDXKVBovKWpiv7HfjYhbdLngvhoyc). This was a Christmas themed late December [edition](https://therug.mirror.xyz/editions/0xDF5b5ee15CC96ba7d0CB6BD9b2c0fc4417ab6445/3131) of last year, note the viewing times for _DAI Hard,_ and _wELF_, and _ETH, Actually_. Perhaps a _Rugstradamus_ moment was calling the Ohm [movement](https://www.tradingview.com/chart/OHMDAI/p28O968Z-RIP-3-3-OHMIES/) a **Miracle on (3, 3) Street**. A Vol. II edition of the NFT forthcoming this winter. Calls to Action =============== * [Listen](https://anchor.fm/therugnews) to Under The Rug Podcast * [Follow](https://instagram.com/therugnews) The Rug on Instagram * [Subscribe](https://therug.mirror.xyz) to The Rug on Mirror * [Share](https://paragraph.xyz/@therugnews/subscribe) The Rug's Newsletter **Bonus Content**: _Rug Mag_ was a flash in the pan for us, because we only made one. But it [aged well](https://twitter.com/RedemptionPhox/status/1586534956490461185?s=20&t=2k0VbXZqPyltW653yX-lbA). You can [collect](https://rarible.com/token/0xab7e9a979b34ab96d01f753820f79e5af97c06a0:39991838870821994522241900217603015146272388716746140058719502084104932818945?tab=owners) it on Rarible. ![](https://storage.googleapis.com/papyrus_images/f0bb7cb488deb0379a5dcd7e2f2428c5.png) **Sponsor**: If you would like to become a sponsor of The Rug, check out our [sponsorship deck](https://docs.google.com/presentation/d/1MlTo8BtojSu1tc2nyR6tbAoVRf3WNG0xePmiI7jBQ2k/edit?usp=sharing), and shoot us an email [TheRugNews@gmail.com](mailto:TheRugNews@gmail.com). **Value for Value**: If you enjoy our tweets, podcasts, NFTs, or this newsletter, please send whatever you feel it is worth to [TheRugNews.eth](https://etherscan.io/address/0xa4c7aca8d49226355c5543a28c3de0573f66494a). --- *Originally published on [The Rug](https://therugnews.com/sbf-donates-99percent-of-fortune-ahead-of-schedule-the-rug-newsletter-6)*