FTX: The $32B implosion - SatPost by Trung Phan

Linking pages

How VCs can avoid being tricked by obvious frauds https://noahpinion.substack.com/p/how-vcs-can-avoid-being-tricked-by 1 comment
🚀 Chaos reigns on the Internet - by Justine & Olivia Moore https://www.readaccelerated.com/p/chaos-reigns-on-the-internet 0 comments

Linked pages

Binance's Zhao SBF'ed FTX's Bankman-Fried - Bloomberg https://www.bloomberg.com/opinion/articles/2022-11-08/binance-s-zhao-sbf-ed-ftx-s-bankman-fried 741 comments
CZ 🔶 Binance on Twitter: "As part of Binance’s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT). Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books. 1/4" / Twitter https://twitter.com/cz_binance/status/1589283421704290306 502 comments
SBF on Twitter: "1) I'm sorry. That's the biggest thing. I fucked up, and should have done better." / Twitter https://twitter.com/sbf_ftx/status/1590709166515310593?s=46&t=Pgsm2DjLGfW09p4YFpyT-A 395 comments
foobar on Twitter: "Hundreds of millions of dollars are now flowing out of FTX wallets, some speculate liquidators but it's late on a friday night, not typical times for such rapid heavy movements. Some withdrawals are being swapped from Tether to DAI. Hack or insider actions? $26 million here https://t.co/8wWlaE7na9" / Twitter https://twitter.com/0xfoobar/status/1591261359152705538 365 comments
Exclusive: At least $1 billion of client funds missing at failed crypto firm FTX | Reuters https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/ 192 comments
Sam Bankman-Fried steps down, FTX files for bankruptcy https://www.cnbc.com/2022/11/11/sam-bankman-frieds-cryptocurrency-exchange-ftx-files-for-bankruptcy.html#Echobox=1668177164-1 94 comments
Jesse Powell on Twitter: "1/ This industry is made up of so many smart, passionate, open-minded, welcoming people, with genuine humanitarian interest at heart. I know we're going to get past this. True believers will not be deterred. But, this is a massive setback. I'm really trying to control my rage." / Twitter https://twitter.com/jespow/status/1590635230553329664 56 comments
CZ 🔶 Binance on Twitter: "In the spirit of transparency, might as well share the actual note, sent to all Binance team globally a few hours ago. https://t.co/IUNkPcLC8T https://t.co/XGlIJB7EV5" / Twitter https://twitter.com/cz_binance/status/1590351182513729544?s=46&t=yw3OkKkMLsl7HN_0fLFZTg 54 comments
Bankman-Fried's FTX Had a Death Spiral Before Binance Deal - Bloomberg https://www.bloomberg.com/opinion/articles/2022-11-09/bankman-fried-s-ftx-had-a-death-spiral-before-binance-deal 17 comments
Lyn Alden on Twitter: "Imagine McDonald's makes its own money, let's call them clown-bucks, keeps most of it, and sells some to the market. McDonald's then uses their remaining clown-bucks as collateral for actual loans. And then people remember clown-bucks aren't real." / Twitter https://twitter.com/lynaldencontact/status/1590063257158811648 12 comments
Bankman-Fried’s Cabal of Roommates in the Bahamas Ran His Crypto Empire – and Dated. Other Employees Have Lots of Questions https://www.coindesk.com/business/2022/11/10/bankman-frieds-cabal-of-roommates-in-the-bahamas-ran-his-crypto-empire-and-dated-other-employees-have-lots-of-questions/ 8 comments
Why Didn't the Government Stop the Crypto Scam? https://mattstoller.substack.com/p/why-didnt-the-government-stop-the 6 comments
FTX Is Still Looking for Money - Bloomberg https://www.bloomberg.com/opinion/articles/2022-11-10/ftx-is-still-looking-for-money 3 comments
J//G0Ξ 👁️《TYR》 on Twitter: "Did you know: Alameda CEO @carolinecapital's Dad, Glenn Ellison is the Department Head of Economics at @MIT? And... Prior to getting appointed to the SEC, @GaryGensler was a Professor for the Practice of Global Economics &ampampampampampampampampampampampampampampampampampampampampampampampampampampampampampampampampampampampamp; Management at @MIT... So essentially: Gary 🤝 Glenn 🤯 https://t.co/rrxzQsPVGN" / Twitter https://twitter.com/jagoecapital/status/1590751676105125888 2 comments
The year startups took over the Super Bowl - The Hustle https://thehustle.co/the-year-startups-took-over-the-super-bowl/ 0 comments
FTX, RIP - by Byrne Hobart - The Diff https://www.thediff.co/p/ftx-rip 0 comments
SBF on Twitter: "1) Hi all: Today, I filed FTX, FTX US, and Alameda for voluntary Chapter 11 proceedings in the US." / Twitter https://twitter.com/sbf_ftx/status/1591089317300293636 0 comments
Bearly.ai | The world's best Ai at your fingertips. https://bearly.ai 0 comments
Edward Snowden on Twitter: "And they call *me* a criminal." / Twitter https://twitter.com/snowden/status/1590319361863995394 0 comments