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Podcast

The Collapse of FTX | 24 hours later

The craziest 48 hours in crypto history? From the apparent takeover of FTX by Binance to no more takeover to SBF now being probed by U.S. regulators.
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Nov 9, 20222 min read

As the dust settles, we cover everything that’s unfolded in the last 24 hours and how it’ll reshape crypto moving forward.

If you missed yesterday’s stream where we go over the timeline of how all this happened and got industry leaders Brian Armstrong, Erik Voorhees, & Ryan Selkis to share their thoughts—you can find it here.


TIMESTAMPS & RESOURCES

0:00 Intro

5:05 The Recap

https://twitter.com/wassielawyer/status/1590025892994371584

https://twitter.com/RyanSAdams/status/1590150120250966016

14:37 Our Mood

25:00 The Story Continued

https://twitter.com/cz_binance/status/1590351182513729544

29:50 SBF Deleting Tweets

https://twitter.com/ledgerstatus/status/1590115753331937281

31:27 Ooof

https://twitter.com/ercwl/status/1590165313190260737

https://twitter.com/Snowden/status/1590319361863995394

33:35 SBF Letter to Investors

https://twitter.com/WClementeIII/status/1590107340317294593

35:20 UPDATE

https://www.coindesk.com/business/2022/11/09/binance-is-strongly-leaning-toward-scrapping-ftx-rescue-takeover-after-first-glance-at-books-source/

https://twitter.com/Blockworks_/status/1590441854960820224

37:35 US Probes FTX

https://www.bloomberg.com/news/articles/2022-11-09/us-probes-ftx-empire-over-handling-of-client-funds-and-lending

39:30 https://twitter.com/tier10k/status/1590444221525278721

https://twitter.com/tier10k/status/1590394410151251968

https://twitter.com/depression2019/status/1590383943358218240

43:26 Alameda Website Dead

https://twitter.com/WClementeIII/status/1590406041250181120

https://12ft.io/proxy?q=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fbinance-is-said-to-be-likely-to-walk-away-from-deal-to-buy-ftx-11668020963

44:20 How This Happened?

https://twitter.com/LucasNuzzi/status/1590122590206824448

1:02:00 Binance Tweets

https://twitter.com/binance/status/1590449161069268992

Onchain flows

https://www.coindesk.com/markets/2022/11/09/these-four-key-charts-shed-light-on-the-ftx-exchanges-spectacular-collapse/

https://twitter.com/LucasNuzzi/status/1590122590206824448

1:05:07 Convo Starter

https://twitter.com/crypto_condom/status/1590338735606231041

1:08:05 10% of Multicoin on FTX

https://twitter.com/TheBlock__/status/1590349978873913350

1:09:39 Galaxy Exposure to Alameda

https://www.theblock.co/post/184262/galaxy-digital-reveals-ftx-exposure-in-q3-earnings-report

1:10:00 FTX Investors

https://twitter.com/fintechfrank/status/1590145184020328448

1:10:46 Other Chains

https://twitter.com/dunleavy89/status/1590056663767449600

1:11:15 FTX.US is Okay

https://www.axios.com/2022/11/09/ftx-us-american-subsidiary-impact-liquidity-crunch

1:11:30 Emotions

https://twitter.com/0xfoobar/status/1590204552891899907

https://twitter.com/cobie/status/1590188580483497985

https://twitter.com/shaughnessy119/status/1590201528014753792

https://twitter.com/lawmaster/status/1590238771915935744

People Selling their FTX Balances

https://twitter.com/TensaiCapital/status/1590301595237224449

SBF Down Bad ATH

https://twitter.com/econoar/status/1590130144815218689

1:20:25 CZ Tweets

https://twitter.com/cz_binance/status/1590313459132305408

1:22:00 Solana Unlocks

https://twitter.com/thedata_nerd/status/1590307325650182144

1:27:00 Coinbase Gud

https://twitter.com/ViktorBunin/status/1590064600178835457

1:27:16 The Meta Question

https://twitter.com/BanklessHQ/status/1590341304172838913

1:27:30 What Happened & Closing Thoughts

1:34:05 Risks & Disclaimers

1:34:35 Leaving you with Larry David

https://twitter.com/LilMoonLambo/status/1590145235291893760

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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