FTX Collapse & SBF on the run❌

15+ Twitter Threads for your FTX Collapse research

Welcome to the 34th edition of DeFi Fridays!

Access all the previous editions here.

A topic we explain:

⚠ FTX: What happened? Read the complete detail here:

FTX: The $32B implosion

Find the Timeline here:

Kyle (lookin for vc / data analyst internship) @0xkyle__

IN PROGRESS: A COMPLETE TIMELINE OF THE WHOLE FTX COLLAPSE SO FAR 📄 SCROLL ALL THE WAY DOWN FOR MOST UPDATED NEWS. ALL TIMES ARE IN SGT (Singapore). Americans are 12 hours behind. Europeans are 7 hours behind. Please add on if I'm missing, and RT for support <3

⚠Tweets Trails for more FTX research:

1. FTX Hacked

   Wall Street Silver @WallStreetSilv

   FTX just released this message on their Telegram channel. It looks like they are claiming it is a hack and the FTX wallets are being looted tonight. There is a bankruptcy freeze in place. The bankruptcy trustee says he is not involved in what is happening tonight. https://t.co/aa8WVRMS72

   

2. SBF on run - People on Twitter tracking a (random?) plane.

   yzy.eth @LilMoonLambo

   SBF fled to Argentina the same night FTX gets hacked?

   

   

3. SBF had a backdoor to client funds

Bitcoin Archive 🗄🚀🌔 @BTC_Archive

BREAKING: FTX had a “backdoor” built into its accounting software by SBF, which he used to move billions without triggering alerts to other staff, auditors etc - Reuters

Read more here.

4. Elon Musk in the picture

   Internal Tech Emails @TechEmails

   Sam Bankman-Fried reaches out to Elon Musk April 25, 2022

   

   

   

   

   5. Executive’s sketchy past surfacing

   Nicola Duke @NicTrades

   The FTX chief regulatory officer was Daniel Friedburg behind the Poker cheating scandals at UltimateBet and AbsolutePoker and instrumental in the cover ups. #GIK

6. Few Alameda & FTX executives already knew everything

   Autism Capital 🧩 @AutismCapital

   "Alameda CEO Caroline Ellison said that she, Mr. Bankman-Fried, and two other FTX executives, Nishad Singh and Gary Wang, were aware of the decision to send customer funds to Alameda." wsj.com/articles/alame…

   

Read more here.

7. List of FTX firms that filed for bankruptcy

Blockworks @Blockworks_

134 of FTX's firms filed for bankruptcy: 1. Alameda Aus Pty Ltd 2. Alameda Global Services Ltd. 3. Alameda Research (Bahamas) Ltd 4. Alameda Research Holdings Inc. 5. Alameda Research KK 6. Alameda Research LLC 7. Alameda Research Ltd 8. Alameda Research Pte Ltd

8. FTX/Alameda investment in companies (Google Sheet)

Wu Blockchain @WuBlockchain

As FTX and Alameda begin bankruptcy and reorganization in accordance with Chapter 11, the companies and tokens they invest in are also on the verge of being liquidated. We have counted the companies that FTX and Alameda have invested in so far: docs.google.com/spreadsheets/d…

9. Complete FTX fundraising details:

minigrogu @minigrogu

Full FTX Fundraising

10. Bybit issued an internal letter to provide relief to employees damaged in FTX bankruptcy:

Wu Blockchain @WuBlockchain

Bybit issued an internal letter to provide relief to employees damaged in FTX bankruptcy, with a total amount of $3 million, employees who lost more than $50,000 can apply, and employees will receive $1,000 a month for 12 months. Exclusive

11. FTX Contagion Yet to Unwind:

Bitcoin @Bitcoin

What is the @FTX_Official contagion going to look like?

12. Statement from John Ray, Chief Restructuring Officer and CEO of FTX

Ryne Miller @_Ryne_Miller

2/ Among other things, we are in the process of removing trading and withdrawal functionality and moving as many digital assets as can be identified to a new cold wallet custodian.  As widely reported, unauthorized access to certain assets has occurred.

13. Alameda internal notes

strobie reeeee 🍓 (sql arc) @0xstrobe

1/5 multiple ppl asking me about the leaked Alameda internal notes so i'm gonna repost it there's info on example trades, hedging positions, exiting USDT etc i deleted it earlier cuz i wasn't able to confirm source and didn't wanna misinform hope u find it useful 🧵👇

14. SBF was trying to sell his 7.6% share of Robinhood, worth $472M

Loopify 🧙‍♂️ @Loopifyyy

"SBF was trying to sell his 7.6% share of Robinhood, worth $472M, on the app Signal. The shares were held by an Antigua and Barbuda entity called Emergent Fidelity, which is personally controlled by Bankman-Fried and NOT included in the FTX bankruptcy filing." - Financial Times

15. CZ’s Interview After the Collapse of FTX

CZ 🔶 Binance @cz_binance

My talk in Indonesia 30 hrs ago, before all of today's drama... FTX, impacts, regulations, entrepreneurship.

youtube.comCZ First Interview After the Collapse of FTX at Indonesia Fintech Summit 2022I do not claim any right over this video. All rights reserved to the respective copyright owners.

16. How a potential community buyout could work

wassielawyer @wassielawyer

1/ Some thoughts on how a community buyout of FTX could work. Completely theoretical of course and actually executing requires an immense level of cooperation and coordination between participants which I am not sure is possible. But here is how it could work. Theoretically.

wassielawyer @wassielawyer

Woke up in the middle of the night and thought - why don’t we just buy FTX and turn it into a community owned CEX 🤔

That’s it for today, folks. See ya next Friday. 🧢

Disclaimer: Nothing included in DeFi Fridays should be taken as financial advice.