Binance announcement on FTX deal, 2h ago:

As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com.

In the beginning, our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help.

Every time a major player in an industry fails, retail consumers will suffer. We have seen over the last several years that the crypto ecosystem is becoming more resilient and we believe in time that outliers that misuse user funds will be weeded out by the free market.

As regulatory frameworks are developed and as the industry continues to evolve toward greater decentralization, the ecosystem will grow stronger.

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FTX claimed to be a $40B entity and Alameda, a $10B hedge fund and yet struggling to clear $9B user funds?

Something is wrong!

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Sequoia writes off their $150M investment made in FTX.

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Rumors are that Alameda Research has stopped market making. They are one of the biggest market makers in crypto. If true the impact on liquidity for smaller tokens and projects will be massive.

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Someone on LinkedIn shared this. 😄

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There's just same news doing rounds. We will share once something worthy enough to share.

Meanwhile dropping this for you folks. Stays strong we will get over this!

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https://solanacompass.com/validators/change?epoch=370

Why is Solana validator down? 🤔

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TRX on FTX is trading for $1. On Binance it's $0.06. Users are buying TRX because it's the only way to exit FTX.

Allegation: Apex scammer Justin Sun has convinced Sam to engage in TRX games to save FTX in his moment of desperation.

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Onchain data shows Justin Sun roughly has $392M but promising FTX and SBF that he could fill the $6B hole.

Possible?

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Binance has shared details of their hot and cold wallet addresses:

This is not a complete set of data.

~475K BTC
~4.8M ETH
~17.6B USDT
~21.7B BUSD
~601M USDC
~58M BNB

https://www.binance.com/en/blog/community/our-commitment-to-transparency-2895840147147652626

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I fucked up, and should have done better.

SBF's 22 tweet thread: https://twitter.com/SBF_FTX/status/1590709166515310593

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Who bought the dip? 🧐

👍 Hell yea
👎 No
🤔 What dip?

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Dow Jones is up ~900 points.

Putin moving troops from Kherson is being murmured as a positive move and might get to see end of the war between Russia and Ukraine?

Lower than expected CPI data is the icing.

Good days ahead?

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It's Blockfi now. They announced that they are 'limiting' platform activity.

Limiting = no withdrawals?

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FTX: more toxicity surfacing.

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Asian markets flying too.

Now Bluechip NFTs to going down?

Deepak.eth (an NFT whale) said that due to the eight-digit funds on FTX and liquidity problems, he decided to sell many blue-chip NFTs in 8000ETH. He once purchased cryptopunk5822 with 8000ETH and set the Guinness record for the highest price of NFT

https://twitter.com/dt_chain/status/1590866895124799491

https://opensea.io/0x6c42fD5ad03A219542bbA76a739F9e03AF81F0e5

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FTX's largest backers, estimated amounts invested:

Sequoia: $200M
Temasek: $205M
Paradigm: $215M
Ontario Teachers' Pension Plan: $80M

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FTX files bankruptcy.

https://twitter.com/FTX_Official/status/1591071832823959552

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And rumors are that SBF has stepped down as CEO. Yet to confirm though.

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