Third Point is part of a group of investors involved in bailout talks for Sam Bankman-Fried’s troubled crypto exchange. Source
Dan Loeb's Hedge Fund Third Point Among Those in Talks for $9.4B FTX Rescue
Day: November 10, 2022
FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific ‘Sparring Partner’ โ Bitcoin News
On Nov. 10, 2022, FTX CEO Sam Bankman-Fried (SBF) addressed the crypto community in a thread posted to Twitter. SBF noted that he messed up and โshould have done betterโ and also detailed that at some point he โmight have more to say about a particular sparring partner.โ SBF Says He Messed Up, Claims โHands Were Tied During the Duration of the Possible Binance Dealโ Sam Bankman-Fried (SBF) has discussed some updates concerning FTX in an apologetic Twitter thread published on Thursday. The FTX CEO said he โshould have been…
FTX Violated Its Own Terms of Service and Misused User Funds, Lawyers Say
Although FTXโs terms of service prevented it from using customerโs crypto, lawyers told CoinDesk that its swift downfall indicates the funds were misused. Source
US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX
Maxine Waters, chair of the United States House of Representativesโ Financial Services Committee, pushed for additional federal oversight of crypto trading platforms and consumer protection amid FTX facing liquidity issues. In a Nov. 10 statement, Waters cited FTXโs difficulties as the latest example of incidents โinvolving the collapse of cryptocurrency companiesโ and how such events could potentially impact consumers in the United States. The committee chair pushed for legislation establishing a framework for crypto assets, highlighting her efforts with Financial Services Committee ranking member Patrick McHenry in a bill aimed…
Top FTX Lawyer Orders Documents Preserved as Investigations Ramp Up
On Wednesday, FTX US General Counsel Ryne Miller ordered all staff to retain their emails, messages, notes and documents stemming from their work at FTX, FTX US, Alameda and affiliated companies, according to people with direct knowledge. He called the chain of events of the last few days โdisappointing developmentsโ in a company-wide message, the people said. Source
Sam Bankman-Fried dice que Alameda se retira y promete a los clientes de FTX US que sus fondos โestรกn bienโ
En su hilo, Bankman-Fried intentรณ explicar la situaciรณn de su empresa y dijo que FTX etiquetรณ internamente โmalโ a las cuentas vinculadas a bancos, por lo que juzgรณ mal el margen de los usuarios. El domingo, clientes retiraron US$5000 millones en activos, pero solo tenรญa liquidez para el 80% de eso, con un apalancamiento de 1,7 veces el que tenรญa FTX. Source
Crypto Conglomerates Require ‘Urgent Regulatory Attention,’ European Watchdogs Say
The group, chaired by officials from the Swedish central bank and U.K. Treasury and including financial authorities from France, Germany and the European Union, suggested it would take as a blueprint a recent FSB regulatory plan that could force conglomerates to break up and stablecoins to centralize governance. Source
Ethereum Whales Gobble Up Over 650,000 ETH As Market Hits New Lows
Ethereum whales are going straight to market to load up their bags as ETH falls to โdiscount pricesโ. Just like the rest of the crypto market, Ethereum has taken a beating down, falling more than 20% in the last three days. While panic continues to spread across the market, whales have loaded up their holdings with more than 600,000 ETH. Ethereum Whales Buy The Dip The โBuy the dipโ sentiment is still really strong among players in crypto. Since the assets are currently at one of the lowest price points…
Bitcoin: La BAD News de trop (… FTX)) ๐ฅ๐ฅ
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Trading: Analyse technique en franรงais sur la crypto bitcoin. On verra comment rรฉagir face a cette news FTX et essayer de prendre du recul niveau trading et analyses techniques. โจTOTAL 34’663$ a recevoir: (uniquement pour traders expรฉrimentรฉs): โจ ๐ฐ๐ฐ๐ฐ๐ฐ 30’000$ + 0% frais spot Bybit: ๐ฐ 4’163$ + 0% frais spot Bitget: ๐ฐ 500$ sur Binance: ๐ค Space Algo : Code promo -10% “CRYPTOSAUCE10” Payable aussi en crypto Calendrier annonces: Discord: Telegram: Twitter: PS: Je ne suis pas conseiller financier, mes vidรฉos…
FTX Balances Tumbled 87% in 5 Days in Epic Crypto Deposit Run, Data Shows
A glance at data from Arkham Intelligence shows the behind-the-scenes operational reality that drove billionaire Sam Bankman-Fried’s beleaguered FTX exchange to order a withdrawal halt this week. Source