michael fortsch 1wNZhutHQEk unsplashFTX Group has established Kroll as its claims agent
Press Release:
— FTX (@FTX_Official) November 17, 2022
FTX Group has established Kroll as its claims agent, and all official documents filed with the U.S. Bankruptcy Court can be found online at https://t.co/7Bsn9Ggckf. pic.twitter.com/OFuCmlJXgJ
Super rare CR7 NFTs are on auction for 24 hours only
Super super rare CR7 NFTs on auction for 24 hours only.
— CZ 🔶 BNB (@cz_binance) November 18, 2022
➡️ https://t.co/bEbvcTy9QH pic.twitter.com/qrwVblD9g0
.#Binance NFT Marketplace Launches The CR7 NFT Collection
— CZ 🔶 BNB (@cz_binance) November 18, 2022
➡️ https://t.co/sTgdxFX77l pic.twitter.com/LbebqQXwhQ
Is the SEC broken?
1/3
— Adam Cochran (adamscochran.eth) (@adamscochran) November 17, 2022
6 months ago the SEC investigated FTX US on multiple matters.
They found no wrong doing.
Instead they continued to meet with FTX on giving them a "no-action letter" to broaden reach in the US markets.
2/3
— Adam Cochran (adamscochran.eth) (@adamscochran) November 17, 2022
Given the liquidator CEO says that this was even sloppier than Enron – how was this overlooked?
This mess didn't just emerge in the last six months.
The SEC failed at its job while Gensler met directly with SBF to talk favorable access.
3/3
— Adam Cochran (adamscochran.eth) (@adamscochran) November 17, 2022
The SEC is broken and in shambles under its current leadership.
It's rule by enforcement approach has put a chilling effect on US innovation, while letting off-shore conmen woo regulators.
Congress should make reviewing this a *TOP* priority.
Will Grayscale kill the market if it liquidates?
If Grayscale liquidates what comes on the market:
— mhonkasalo (@mhonkasalo) November 17, 2022
– 635k BTC (~$13.3b).
– 3.1m ETH (~$3.7b).
A god-forsaken product that will send us to the stone age. pic.twitter.com/Hb2Q4FW4LT
Circle says there is no issue with Solana-based USDC issuance and redemption
USDC on Solana is operating as expected and there are no issues with issuing or redeeming USDC. USDC is always redeemable 1 for 1 for US dollars.
— Circle (@circle) November 17, 2022
Any amount. Any time. For Free. Always.
Coinbase’s still going strong
10 years+ and still going strong… pic.twitter.com/4xdQc1POtY
— Emilie Choi 🛡️ (@emiliemc) November 17, 2022
The biggest crypto fish still standing
Biggest crypto fish still standing
— Alex Krüger (@krugermacro) November 18, 2022
#1 Binance (they are ok for now)
#2 Tether (they are ok, will end up fully folding into the system)
#3 Circle (they are ok)
#4 DCG/Grayscale (they are ok, shooting for that ETF)
#5 Coinbase (they are ok, just need to fire people)
If any of those goes under, you have another -25%/-50% coming. As simple as that.
— Alex Krüger (@krugermacro) November 18, 2022
*for now = next couple of years. Binance is the key winner out of this mess. Regulators should get very aggressive with them coming forward.
— Alex Krüger (@krugermacro) November 18, 2022
Court filing reads that FTX purchased luxury homes with users’ funds
JUST IN: FTX used company funds to purchase luxurious homes in the Bahamas, court filing reveals.
— Watcher.Guru (@WatcherGuru) November 17, 2022
Peter Schiff says $10K is the real price of Bitcoin
Based on GBTC's 43% discount to NAV, #Bitcoin is already trading well below $10K. I think this is the real price of Bitcoin, as when you sell $GBTC you get paid real cash. But when you sell #BTC you get paid #Tether. To get actual cash for Bitcoin you must accept a huge discount.
— Peter Schiff (@PeterSchiff) November 18, 2022
Court document shows Sam Bankman-Fried unauthorizedly moved FTX funds
BREAKING: Sam Bankman-Fried has been accused in court documents of gaining 'unauthorized access' to FTX systems after filing for bankruptcy to transfer 'digital assets' to the Bahamas government.
— unusual_whales (@unusual_whales) November 17, 2022
FTX lodged the motion in the US bankruptcy court in Delaware on Thursday saying it had evidence to suggest the bahamas government ordered SBF, 30, to gain 'unauthorized access' while in custody.
— unusual_whales (@unusual_whales) November 17, 2022
Read more details: https://t.co/VtqY50BXc9
Is Kevin O’Leary to be blamed?
If you lost money in FTX, you should demand an apology from @kevinolearytv
— Bitboy Crypto (@Bitboy_Crypto) November 18, 2022
He says SBF, who STOLE your money, is a good guy regardless
Everyone should tag Kevin and let him know you are a real person who lost real money because SBF STOLE IT
Someone paid over $113k in fees on Ethereum
💸 A fee of 93 #ETH (113,072 USD) has just been paid for a single transaction!https://t.co/PJqnN7BPOV
— Whale Alert (@whale_alert) November 18, 2022
Schiff argues that Tether is seeing a run
Look at this chart? It's ominous. #Tether has never seen a collapse in market cap. Given the turmoil in #crypto, one would expect a rise in Tether's market cap as crypto sellers park their cash in Tether. This looks like a run on Tether. If so, a run on #Bitcoin will soon follow. pic.twitter.com/F6vxVIEeEb
— Peter Schiff (@PeterSchiff) November 18, 2022
Will ETH face more downtrends?
You know what bothers me? #Ethereum
— Duo Nine ⚡ YCC (@DU09BTC) November 18, 2022
It only crashed ~80% during this bear market which is close to #BTC
Normally, #ETH should have been past -90% from ATH by now. This means:
1️⃣ Bottom is not in & expect a nuke
OR
2️⃣ Fundamentals changed ETH's price action
Which is it? pic.twitter.com/9rhvgzU4AV
Maybe this is why ETH can’t crash lower. Sellers can’t sell. 😅https://t.co/HcNBllG1l5
— Duo Nine ⚡ YCC (@DU09BTC) November 18, 2022
Did Ethereum Foundation rugged users?
🔥 🔥 🔥 BIGGEST SCAM IN CRYPTO 🔥 🔥 🔥
— TJBLFG (@TJBLFG) November 18, 2022
Everyone is talking about FTX, but The Ethereum Foundation just basically RUGGED everyone that staked their ETH for ETH 2.0 rewards before the "merge". At the moment, investors can’t withdraw their staked or earned ETH.
The Ethereum Foundation quietly erased the timeline that they had on their website for the people who staked their ETH for ETH 2.0 rewards. Now, everyone's ETH is stuck in a smart contract with no roadmap or timeline for when they'll be getting their assets back.
— TJBLFG (@TJBLFG) November 18, 2022
It's SHOCKING
Can regulation prevent another bull run?
I don't think the crypto market fully understands what happens when the SEC makes 99% of tokens "securities"
— Mark Moss (@1MarkMoss) November 17, 2022
this is why I believe we have seen the last crypto bull market pic.twitter.com/hLn0eBjQKV
sure, of course, I do, but you understand the way 99% of crypto works right? VCs drop money in exchange for pre-mined tokens, dump them onto retail for 2, 5, 10x and repeat. VCs, Exchanges, and Media love it, but under strict regulations, the VC pump n dump goes away.
— Mark Moss (@1MarkMoss) November 18, 2022
Singapore Deputy Prime Minister’s response to the FTX saga
Singapore Deputy Prime Minister Lawrence Wong said in response to FTX questions, "In the FTX case, there are very serious allegations that amount to potential fraud even", We need to take a strong stance against crypto speculation and trading, especially by retail investors.
— Wu Blockchain (@WuBlockchain) November 18, 2022
"We plan to tighten … We will review the rules that are necessary. But we will continue to embrace innovation around digital assets which we think has tremendous potential." channelnewsasia reported https://t.co/Tw2yRLayJg
— Wu Blockchain (@WuBlockchain) November 18, 2022
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