FTX Megathread

Updates from 9th Nov 2022:

FTX: Cryptocurrency market rocked by near-collapse of exchange: https://www.bbc.com/news/business-63564364

These Four Key Charts Shed Light on the FTX Exchange's Spectacular Collapse: https://www.coindesk.com/markets/2022/11/09/these-four-key-charts-shed-light-on-the-ftx-exchanges-spectacular-collapse/

Relevant twitter threads:

Here's everything you need to know about Alameda Research and the collapse of FTX

Brian Armstrong on FTX

Jeremy Allaire from CIrcle on FTX

Lucas Nuzzi take on FTX

On Alameda's DeFi debt obligations

FTX liquidity crunch in 10 charts

Kraken CEO Jesse Powell on FTX situation

Latest update:

This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire http://FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.

This megathread will be used to discuss all news and events around ongoing FTX story.

Currently the latest news articles on the topic are:

Cryptocurrencies slide as concerns over FTX exchange rattle markets: https://www.reuters.com/markets/currencies/cryptocurrencies-slide-concerns-over-ftx-exchange-rattle-markets-2022-11-08/

FTX Token Plummets as Market Fears Possible Alameda Contagion: https://www.coindesk.com/markets/2022/11/08/ftt-plummets-as-market-fears-possible-alameda-contagion/

Bitcoin slumps ahead of midterms, and FTX addresses slow withdrawals: CNBC Crypto World: https://www.cnbc.com/video/2022/11/07/bitcoin-slumps-midterms-ftx-slow-withdrawals-cnbc-crypto-world.html

As per comments in daily thread, some users are reporting delayS in withdrawals.

As per FTX latest tweet,

queue is decreasing and getting back to more reasonable levels; nodes and banks catching up

Please use this thread to discuss all events around this ongoing story. Please do not create new threads on this , they will be removed.

FTX Megathread