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Bankless


Nov 10, 2022

The craziest 48 hours in crypto history? From the apparent takeover of FTX by Binance to no more takeover to SBF now being probed by U.S. regulators.

As the dust settles, we cover everything that’s unfolded in the last 24 hours and how it’ll reshape crypto moving forward.

If you missed yesterday’s stream where we go over the timeline of how all this happened and got industry leaders Brian Armstrong, Erik Voorhees, & Ryan Selkis to share their thoughts—you can find it here: https://youtu.be/LDtZyMcaaNY 

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Timestamps:

0:00 Intro
5:05 The Recap
https://twitter.com/wassielawyer/status/1590025892994371584 
https://twitter.com/RyanSAdams/status/1590150120250966016 
14:37 Our Mood
25:00 The Story Continued
https://twitter.com/cz_binance/status/1590351182513729544 
29:50 SBF Deleting Tweets
https://twitter.com/ledgerstatus/status/1590115753331937281 
31:27 Ooof
https://twitter.com/ercwl/status/1590165313190260737 
https://twitter.com/Snowden/status/1590319361863995394 
33:35 SBF Letter to Investors
https://twitter.com/WClementeIII/status/1590107340317294593 
35:20 UPDATE
https://www.coindesk.com/business/2022/11/09/binance-is-strongly-leaning-toward-scrapping-ftx-rescue-takeover-after-first-glance-at-books-source/ 
https://twitter.com/Blockworks_/status/1590441854960820224 
37:35 US Probes FTX
https://www.bloomberg.com/news/articles/2022-11-09/us-probes-ftx-empire-over-handling-of-client-funds-and-lending 
39:30 https://twitter.com/tier10k/status/1590444221525278721 
https://twitter.com/tier10k/status/1590394410151251968 
https://twitter.com/depression2019/status/1590383943358218240 
43:26 Alameda Website Dead
https://twitter.com/WClementeIII/status/1590406041250181120 
https://12ft.io/proxy?q=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fbinance-is-said-to-be-likely-to-walk-away-from-deal-to-buy-ftx-11668020963 
44:20 How This Happened?
https://twitter.com/LucasNuzzi/status/1590122590206824448 
1:02:00 Binance Tweets
https://twitter.com/binance/status/1590449161069268992 
Onchain flows
https://www.coindesk.com/markets/2022/11/09/these-four-key-charts-shed-light-on-the-ftx-exchanges-spectacular-collapse/ 
https://twitter.com/LucasNuzzi/status/1590122590206824448 
1:05:07 Convo Starter
https://twitter.com/crypto_condom/status/1590338735606231041
1:08:05 10% of Multicoin on FTX
https://twitter.com/TheBlock__/status/1590349978873913350 
1:09:39 Galaxy Exposure to Alameda
https://www.theblock.co/post/184262/galaxy-digital-reveals-ftx-exposure-in-q3-earnings-report 
1:10:00 FTX Investors
https://twitter.com/fintechfrank/status/1590145184020328448 
1:10:46 Other Chains
https://twitter.com/dunleavy89/status/1590056663767449600 
1:11:15 FTX.US is Okay
https://www.axios.com/2022/11/09/ftx-us-american-subsidiary-impact-liquidity-crunch 
1:11:30 Emotions
https://twitter.com/0xfoobar/status/1590204552891899907 
https://twitter.com/cobie/status/1590188580483497985 
https://twitter.com/shaughnessy119/status/1590201528014753792 
https://twitter.com/lawmaster/status/1590238771915935744 
People Selling their FTX Balances 
https://twitter.com/TensaiCapital/status/1590301595237224449 
SBF Down Bad ATH
https://twitter.com/econoar/status/1590130144815218689 
1:20:25 CZ Tweets
https://twitter.com/cz_binance/status/1590313459132305408 
1:22:00 Solana Unlocks
https://twitter.com/thedata_nerd/status/1590307325650182144 
1:27:00 Coinbase Gud
https://twitter.com/ViktorBunin/status/1590064600178835457 
1:27:16 The Meta Question
https://twitter.com/BanklessHQ/status/1590341304172838913 
1:27:30 What Happened & Closing Thoughts
1:34:05 Risks & Disclaimers
1:34:35 Leaving you with Larry David
https://twitter.com/LilMoonLambo/status/1590145235291893760 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
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