Discussion

• @firstadopter @firstadopter on x

  The JP Morgan of crypto they said ...

• @dogetoshi Steven on x

  As The Block started writing/pubbing the story the withdrawal started ramping up again.

• @scopeprotocol @scopeprotocol on x

  🚨For the past 2 hours, only ETH is out from the #FTX main exchange address. NO other assets are out, and the ETH activities are all transfer 0.12 ETH to deposit addresses. Things are getting serious. Check entities here: FTX#5ZDQkT62(3 addresses) https://www.watchers.pro/... http…

• @asvanevik @asvanevik on x

  FTX deposits are now effective altruism

• @bitcoinbirch Birch on x

  Out of pure abundance of caution I withdrew a large sum of USD & USDC from FTX US Bank wire processed in an hour & the on-chain was received within minutes I look forward to sending the funds back as this blows over but wanted to share my experience to ease minds if it helps.

• @tedtalksmacro @tedtalksmacro on x

  Silence from FTX on this is deeply concerning. https://twitter.com/...

• @epsilontheory Ben Hunt on x

  It is impossible to overstate the degree to which SBF and Alameda and FTX and CZ and Binance are just the latest version of The Man. https://twitter.com/...

• @coinmamba @coinmamba on x

  So the question most people are curios to know. Have they been lending user funds on FTX to Alameda or not?

• @silvermanjacob Jacob Silverman on x

  steady lads https://twitter.com/...

• @219_eth @219_eth on x

  https://twitter.com/...

• @lopp Jameson Lopp on x

  The amount of ETH in FTX's primary wallet has dropped 97% from its all-time high 4 months ago, according to Etherscan. https://twitter.com/...

• @adamscochran Adam Cochran on x

  Looks like the withdraw confusion may be that there are not outflows from the FTX international hot wallets: https://etherscan.io/... https://etherscan.io/... But FTX's Blockfolio/FTX Us address still seeming to do ETH withdrawals: https://etherscan.io/...

• @0xkinnif @0xkinnif on x

  FTX be initializing wallets with 0.12 eth to send 25 USDT loool https://etherscan.io/... https://twitter.com/...

• @dogetoshi Steven on x

  Ok nvm. I stand by my original tweet. Withdrawals still not being processed. https://twitter.com/...

• @tier10k @tier10k on x

  Q4 '22 https://twitter.com/...

• @ryansadams Ryan Sξan Adams on x

  If another crypto bank goes broke and steals my money i'm going bankless fr this time.

• @tier10k @tier10k on x

  [DB] The Block Employee: FTX Started Processing Withdrawals Again After We Published

• @udiwertheimer Udi Wertheimer on x

  Lots of rumors flying around, but markets don't lie As long as asset prices on FTX for BTC, ETH, etc stay in line with other major exchanges, that would mean that deposits/withdrawals are probably more or less functional (for the time being!)

• @dogetoshi Steven on x

  Pure vanilla ETH appears to be working but not ERC20 https://twitter.com/...

• @hc_capital @hc_capital on x

  4/ The case for CZ to be a little bit fed up with the actions of the guys at FTX is fairly strong I would say. And it looks like CZ chose to act on that emotion these past few days. Causing a sharp sell-off in FTX native token $FTT https://twitter.com/...

• @iiicapital @iiicapital on x

  Not your keys, not your #Bitcoin. If you haven't taken self custody, you better do it today (if you still can). https://twitter.com/...

• @fomocapdao @fomocapdao on x

  November 8 https://twitter.com/...

• @dogetoshi Steven on x

  FTX has appeared to stop processing on-chain withdrawals on Ethereum, Solana, and Tron since roughly 3 hours ago.

• @thecryptodaddi @thecryptodaddi on x

  For a company that's solvent... it's doing some very insolvent things. $FTT $FTX https://twitter.com/...

• @seyitaylor @seyitaylor on x

  oh ffs! https://twitter.com/...

• @astro__magic @astro__magic on x

  txn resumed on the article, but the amount is tiny. https://twitter.com/... https://twitter.com/...

• @sss4321_s @sss4321_s on x

  full send... down I think https://twitter.com/...

• @emilyjnicolle Emily Nicolle on x

  FTX users be like https://twitter.com/...

• @smtuffy Sean Tuffy on x

  Probably nothing https://twitter.com/...

• @cryptomichnl Michaël van de Poppe on x

  Fear on $FTT and FTX increased significantly over the day. Probably different than Celsius, but halting withdrawals now is probably inducing more fear across markets. Needs to settle down, and then it's buy the dip season.

• @sabocrypto @sabocrypto on x

  No recent tweets from Sam. And now withdrawals from FTX are stopped. We may be about to experience something similar to what we faced a few months ago. The ugly truth will emerge.

• @tier10k @tier10k on x

  [DB] FTX Appears to Have Stopped Processing Withdrawals, on-Chain Data Show: The Block

• @alex_kirshner Alex Kirshner on x

  I sincerely hope the Heat got paid up front and in USD https://twitter.com/...

• @rleshner @rleshner on x

  Autonomous smart contract based protocols can't choose to stop processing withdrawals. Just saying. https://twitter.com/...

• @loopifyyy @loopifyyy on x

  Sam? https://twitter.com/...

• @alex @alex on x

  uh https://twitter.com/...

• @cobie @cobie on x

  Not great https://twitter.com/...

• @cz_binance @cz_binance on x

  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

• @cz_binance @cz_binance on x

  Liquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won't pretend to make love after divorce. We are not against anyone. But we won't support people who lobby against other industry players behind their backs. Onwards.

• @sbf_ftx @sbf_ftx on x

  1) A competitor is trying to go after us with false rumors. FTX is fine. Assets are fine. Details:

• @carolinecapital Caroline on x

  A few notes on the balance sheet info that has been circulating recently: - that specific balance sheet is for a subset of our corporate entities, we have > $10b of assets that aren't reflected there

• @starokg @starokg on x

  If unfortunately FTX becomes another LUNA,nobody in the industry can benefit from the accident including Binance. Both customers and regulators will lose some confidence about the whole industry .I hope CZ can think about stop to sell FTT and make a new deal with SBF.

• @ftx_official @ftx_official on x

  1: Support updates:

• @cz_binance @cz_binance on x

  I was out with friends yesterday when the topic of whale alerts came up. Following our principles, I decided to be transparent. So I wrote a thread in 5 mins, and posted it. Little did I know it was going to be “the straw that broke the camel's back.” 1/4

• @sbf_ftx @sbf_ftx on x

  4) I'd love it, @cz_binance, if we could work together for the ecosystem.

• @sbf_ftx @sbf_ftx on x

  5) Because I respect the hell out of what y'all have done to build the industry as we see it today, whether or not they reciprocate, and whether or not we use the same methods. Including CZ. Anyway — as always — it's time to build. Make love (and blockchain), not war.

• @milesdeutscher Miles Deutscher on x

  Sam Bankman-Fried was once admired as the king of crypto. Now Alameda and FTX are rumoured to be on the brink of insolvency. 🧵: Here's how it all went wrong for SBF and FTX. 👇

• @sbf_ftx @sbf_ftx on x

  3) It's heavily regulated, even when that slows us down. We have GAAP audits, with > $1b excess cash. We have a long history of safeguarding client assets, and that remains true today.

• @sbf_ftx @sbf_ftx on x

  2) A bunch of unfounded rumors have been circulating. You can see https://twitter.com/.... FTX keeps audited financials etc. And, though it slows us down sometimes on product, we're highly regulated.

• @heyibinance Yi He on x

  3）The point we'd like to stress is that the decision to hold or sell a token depends on one's own risk appetite and judgement. Our decision to sell FTT is a pure investment-related exit decision, which has nothing to do with “a war” and we have no intention to engage in drama 😂 h…

• @hsakatrades @hsakatrades on x

  Lmfao, the tweet that potentially pushed the feud over the edge has been deleted. https://t.co/AzMiCGQYnG

• @ki_young_ju Ki Young Ju on x

  FTX's stablecoin reserve just reached a year-low. $51M as of now. -93% over the last two weeks. https://cryptoquant.com/... https://twitter.com/...

• @sbf_ftx @sbf_ftx on x

  2) FTX has enough to cover all client holdings. We don't invest client assets (even in treasuries). We have been processing all withdrawals, and will continue to be. Some details on withdrawal speed: https://twitter.com/... (banks and nodes can be slow)

• @asvanevik @asvanevik on x

  Not that hard to track down with @nansen_ai https://pro.nansen.ai/... https://twitter.com/... https://twitter.com/...

• @raoulgmi Raoul Pal on x

  I don't really know what to think of this utter mess of one giant extremely extremely opaque crypto exchange with no reporting or ownership trying to push another opaque crypto exchange and an overly entangled trading firm into insolvency.

• @autismcapital @autismcapital on x

  You all realize that by rooting for Sam's demise when the dust settles and he ultimately survives this he's going to be PISSED right? And put the weight of his weaponized autism, amphetamines, lobbying power and vengeance behind exerting his will on Crypto and the world 100 fold?

• @carolinecapital Caroline on x

  - the balance sheet breaks out a few of our biggest long positions; we obviously have hedges that aren't listed - given the tightening in the crypto credit space this year we've returned most of our loans by now

• @asvanevik @asvanevik on x

  A bit odd that the transaction that took them below 100M BIT actually was made by Mirana Ventures - Bybit's own VC arm. https://twitter.com/...

• @timccopeland Cope on x

  @SBF_FTX for the memes https://twitter.com/...

• @cz_binance @cz_binance on x

  The fact that it sparked such levels of “discussions” was surprising. There were also conspiracy theories that I somehow orchestrated this whole thing. If you read this thread, you would appreciate that no one can orchestrate this. 3/4 https://twitter.com/...

• @samuelalpha77 Samuel on x

  Guys, if you are going to stop using FTX and start using a different exchange, you're essentially having a...(wait for it) CEX change.

• @asvanevik @asvanevik on x

  This FTX wallet has kept >100M BIT tokens since they were received. But yesterday the balance fell to just below 100M BIT. https://pro.nansen.ai/... https://twitter.com/...

• @coinmamba @coinmamba on x

  I don't agree with CZs tactics here and also think FTX should've communicated better during this period. This situation is in no way beneficial to crypto..

• @johnreedstark John Reed Stark on x

  I worked at SEC Enforcement for 18 yrs. SEC flying 100% blind re the crypto ecosystem. Crypto cartel members aren't regulated. No SEC examinations/audits. No consumer protections/individual licensures. No insurance/net capital req'ts. A recipe for disaster.https://www.bloomberg.c…

• @dystopiabreaker @dystopiabreaker on x

  wild how in centralized exchange world “heavily regulated” mostly means “we are deputized to surveil all of our users and randomly submit ‘suspiciousness’ reports because we don't like their activity” rather than “we produce cryptographic proofs of solvency of our business” https…

• @jimcramer Jim Cramer on x

  At what point is a bet on bitcoin a bet on Sam Bankman-Fried's balance sheet?

• @cz_binance @cz_binance on x

  Everyone wants more transparency in our industry, right? My tweets were simple. There were questions about a large ($580m) FTT deposit to Binance, and we were transparent about the fact that we are closing our FTT position. 2/4

• @carolinecapital Caroline on x

  @benbybit busy at the moment but that wasn't us, will get you proof of funds when things calm down

• @benbybit Ben Zhou on x

  Bitdao community is questioning the sudden dump of $bit token caused by Alameda dumping and breaching the 3 yr mutual no sale public commitment. Nothing is confirmed but bitdao community would like to confirm a proof of fund from Alameda. https://discourse.bitdao.io/ ...

• @lookonchain @lookonchain on x

  A giant whale is worried about “bank run” on FTX and withdrawing USDC/USDT from #FTX Exchange. He withdrew 129.8M $USDC and 115.9M $USDT from #FTX Exchange in the past 24 hours. As soon as #FTX opens the withdrawal, he immediately withdraws stablecoins from #FTX. https://twitter.…

• @cz_binance @cz_binance on x

  #Binance has about $8 billion ETH in our cold wallets 1 & 2.

• @claritytoast Nate Anderson on x

  Two days ago, the CEO of Sam Bankman-Fried's entity (Alameda Research) publicly offered to buy all of Binance's FTX token (#FTT) for $22. Right now, the token is at ~$16.90. If they have the money they will defend the price. The longer they don't, the worse things look for FTX. h…

• @vetlelunde Vetle Lunde on x

  Binance really pushing to secure its dominance. Binance's spot volume dominance has risen from 50-60% to 80-90% of the market after fee removal. Additionally, Binance accounts for 40% of perp open interest (ETH + BTC). FTX OI dom has fallen from 25% to 14%. From 2nd to 4th. https…

• @mayazi @mayazi on x

  FTX is probably fine, but the chaos of this confidence day is a wrecking ball to how crypto comes off to the adults looking in - tradfi & regulators https://twitter.com/...

• @wublockchain Wu Blockchain on x

  Breaking: The BitDAO community issued a proposal asking Alameda to provide the on-chain address of the tokens that promised not to be sold for 3 years. If there is no response within 24 hours, the community will decide what to do with the 3362315 FTT. https://discourse.bitdao.io/…

• @cumberlandsays Cumberland on x

  Lots of volatility overnight as speculation about @FTX_Official continues. With the caveat that we are not investors in FTX and do not have any non-public insight, the following features seem evident: 🧵👇

• @cumberlandsays Cumberland on x

  That said, the Alameda CEO didn't do her company any favors by calling out a level ($22 FTT) and then watching the market jackknife through it.

• @cryptomanran Ran Neuner on x

  FTX is probably a solvent and highly profitable exchange. Alameda is probably bankrupt. Probably took too much leverage against their FTT position which they thought was bulletproof. This could result in @SBF_FTX losing FTX.

• @inmortalcrypto @inmortalcrypto on x

  Alameda selling $SOL to buy $FTT because CZ is selling $FTT to buy $BNB. If next bullmarket someone calls me lucky I'm going to cut his tongue out.

• @galois_capital @galois_capital on x

  Would be pretty funny if Alameda comes out of this episode massively profitable for the week as they scoop up assets on the low.

• @damedoteth @damedoteth on x

  gm, $FTT down below $17 💩 pretty wild how this stuff has a ripple effect that impacts ETH, BTC, and therefore NFTs https://twitter.com/...

• @sheldon_sniper @sheldon_sniper on x

  $FTT or should i call it $LUNA 2.0 This looks bad , another 65% - 70% to next demand zone🤯 Thank you @SBF for the blood bath🙂 https://twitter.com/...

• @0xboccaccio @0xboccaccio on x

  If anybody wants to watch Alameda's on-chain movements etc. you can use this link to use @ArkhamIntel https://platform.arkhamintelligence.com / ...

• @garyblack00 Gary Black on x

  #BTC -4.5% to $19.8K as FTX, the 2nd largest crypto exchange run by Sam Bankman Fried, experienced a bank run after Binance, the #1 crypto exchange, liquidated all FTX in house tokens (FTT). Crypto markets appear to be stabilizing after SBF assured investors about FTX solvency. h…

• @emperorbtc @emperorbtc on x

  -Binance invests in FTX. -FTX lobbies against Binance. -FTX accuse Binance of killing it slowly by selling FTT. -FTX offers to buy FTT from Binance. -But Binance wants to sell in Open Market. -Meanwhile People accuse Bybit of selling BIT Tokens. -Bybit says FTX is selling it. GM

• @mikeburgersburg @mikeburgersburg on x

  This is adding fuel to the fire. Just like last time. Alameda should have invested in some PR training. https://twitter.com/...

• @milesdeutscher Miles Deutscher on x

  Imagine if CZ hasn't even sold any $FTT yet..

• @thecryptolark Lark Davis on x

  $ftt the FTX exchange token is getting dumped hard right now! Sending ripples of fear through the #crypto market!

• @fintechfrank Frank Chaparro on x

  FTT DIPS BELOW $16, down more than 27%

• @algodtrading @algodtrading on x

  Whatever happens, there is a lot of money that wint return to FTX despite it being true or not A PR nightmare for the exchange and investors

• @bull_bnb @bull_bnb on x

  If you can't beat it join it. Sam should consider selling FTX to CZ.

• @wizardofsoho @wizardofsoho on x

  LOL imagine SBF just max shorted FTT into oblivion and uses that money to buy back ftt LOL

• @kacjons @kacjons on x

  not a shitcoin; just $FTT FTX exchange native token https://twitter.com/...

• @cryptodonalt DonAlt on x

  Gonna be an interesting situation Either CZ caused a bank run on a competitor for no reason, fucking over everyone including innocent customers, and causing a (quite) massive hit to the reputation of the crypto industry OR FTX goes tits up (Still think this is unlikely)

• @enjoyoor @enjoyoor on x

  ftt is giving me early bayc vibes

• @cobie @cobie on x

  @RinatDossayev ... Im not really on a “side” tbh bc it's not really clear what's happening and why — but if FTX had actually overleveraged such that there's an actual CRISIS because an investor sold some FTT, then yeah I'd be on CZ's side.

• @cobie @cobie on x

  @AlgodTrading I think it's pretty unlikely they are insolvent, like sub 1% chance. Highly doubt they did any co-mingling of user deposits It is possible, tho, that either FTX or Alamada borrowed against FTT aggressively. They used to borrow against it in the past to short coins n…

• @cobie @cobie on x

  The billionaires with abbreviations for names are fighting and as a result we are losing money 👍

• @teddycleps Teddy on x

  this whole situation could be put to an end immediately if FTX simply showed a document with proof of funds. don't understand the delay 🙃

• @whale_alert @whale_alert on x

  🚨 272,416 #FTT (6,006,150 USD) transferred from unknown wallet to #Binance https://whale-alert.io/...

• @coloradotravis @coloradotravis on x

  Tricky thing about a bank run is that once it starts, you can't just close the bank to fix it. Ain't no close, there's only pause.

• @fintechfrank Frank Chaparro on x

  Is Caroline going to buy FTT at $22 or what? Was that a bluff?

• @wassielawyer @wassielawyer on x

  1/ A lot of speculation floating around re FTX's solvency. Here's 2 cents from a hentai anime penguin in a suit on why FTX probably isn't collapsing (but is likely facing short-term liquidity issues) based on FTX's current behavior and this Wassie's anecdotal experiences.

• @bitbitcrypto @bitbitcrypto on x

  Everything will bottom once FTT settles. So far, it does look like it found buyers around $15. also, one thing is for sure, this volume is huge and amazing for scalping. https://twitter.com/...

• @laurashin Laura Shin on x

  Uh ... FTT at $15.98 😳 https://twitter.com/...

• @nekoztek @nekoztek on x

  Nobody besides the top brass at FTX and Binance know what's actually going on with this dispute. If CZ actually capitulated Alameda over the sale of $FTT than we have a much bigger issue here as a whole. The entire industry can't take another massive hit so quickly since LUNA.

• @excellion Samson Mow on x

  .@carolinecapital I have some good news and some bad news. The good news is you don't have to pay CZ $22 per FTT. The bad news is FTT is down a lot.

• @ctolarsson CTO Larsson on x

  Larsson Line has been blue for $FTT FTX token since $41. So there was really no need to be caught holding this one here. https://twitter.com/...

• @whale_alert @whale_alert on x

  🚨 522,114 #FTT (8,361,960 USD) transferred from unknown wallet to #Binance https://whale-alert.io/...

• @degenspartan @degenspartan on x

  why would FTT price affect FTX's solvency for user deposits? the only thing it affects is anyone who were retarded enough to lend them money with FTT as collateral AND also need to needs to liquidate them which is, someone else's problem

• @aureliusbtc Aurelius on x

  $160m FTT Withdrawal https://etherscan.io/...

• @wublockchain Wu Blockchain on x

  Around 20% of the Binance inflow comes from FTX in the past 7 days. And that is $1.17B in USD value. By @ScopeProtocol Similar things happened from November 2 to November 11, 2020, with a total of 18,652 bitcoins flowing into Binance from Huobi.

• @degenspartan @degenspartan on x

  my guess is that FTX never recovers from this a lot of money that is leaving will not be coming back unless there is massive clarity in the relationship between FTX the exchange and Alabama and why does it look like they are fucking each other in every available hole on chain

• @tarunchitra Tarun Chitra on x

  Nothing is more exciting in 2022 than the steps people in the ZK and SNARK (no privacy, just succinctness) world are doing to make such tweets not needed in the future https://twitter.com/...

• @bneiluj Julien Bouteloup on x

  CZ's 4dchess is working to perfection FTT -32% within 24h. This space is another level of savageness. https://twitter.com/...

• @algodtrading @algodtrading on x

  I think the whole FTX fud is very unlikely tbh, people comparing it with Luna have no idea what they are saying Exchanges should be over collateralized, if that is not the case FTX/sam is in deep trouble

• @ashcryptoreal @ashcryptoreal on x

  List of tokens potentially affected in this sell off from Alameda to keep FTT afloat BTC, ETH, SRM, LDO, BTC, ETH, RNDR, BIT, GOG, UNI, SUSHI, AVAX, CHZ, LOOM, SHIB, LINK, DYDX

• @vetlelunde Vetle Lunde on x

  This may be FTX's BitMEX moment. Mex never recovered after the two reputational hits in 2020. FTX will for sure have a hard time rebuilding its reputation. I view insolvency as highly unlikely, but this ordeal may have a long-lasting impact on FTX's relevancy in crypto derivs. ht…

• @hsakatrades @hsakatrades on x

  probably someone trying to frontrun https://twitter.com/...

• @wholemarsblog @wholemarsblog on x

  They're not at war with each other. Binance is seriously concerned about risk management on their FTT holdings. They don't want another Luna situation... https://twitter.com/...