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FTX Drama Continues, Crypto.com "accidentally" sent 80% of their cold storage to Gate.io

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FTX Drama Continues, Crypto.com "accidentally" sent 80% of their cold storage to Gate.io

coinfeeds
Nov 13, 2022
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FTX Drama Continues, Crypto.com "accidentally" sent 80% of their cold storage to Gate.io

coinfeeds.substack.com

Another special Edition. This stuff just keeps getting crazier and crazier.


Below is an overview of the yesterday’s top news.

News:

Kraken CTO says FTX hacker has been identified

Vitalik emerges with this thoughts on the situation

Given the environment, I would think that this is absolutely insane but it doesn’t seem as bad as some of the other stuff they’ve done

FTX complete balance sheet

The Block dives into the FTX balance sheet and reveals users would get 5 cents on the dollar after this is all over. Sad

Ugh, here we go again? Crypto.com sends 80% of their cold storage ETH to Gate.io and then asked for it back

Mark Cuban weighs in with some good points

BlockFi employee speaks out about FTX. Sad part is they had other institutions wanting to help them out but they chose FTX.

3 FTX executives (SBF, Gary Wang, and Nishad Singh) are “under supervision” by Bahamian Authorities. It is believed they are trying to flee to Dubai, which doesn’t have an extradition treaty with the USA. Caroline Ellison is currently in Hong Kong

3AC coming out of the wood works pretending like they did nothing wrong and it was mostly FTX’s fault. This feels like a movie

Chatter from a 2019 Telegram chat shows Su Zhu questioning Alameda

Twitter avatar for @sumfattytuna
sumfattytuna @sumfattytuna
Early pictures of Alameda 2019 Telegram chatter "Deleted account" confirmed to be Su Zhu. Reposted for exposure as original tweet was deleted.
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4:56 PM ∙ Nov 12, 2022
2,713Likes412Retweets

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FTX Drama Continues, Crypto.com "accidentally" sent 80% of their cold storage to Gate.io

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