11-09-2022, 03:46 AM
FTX Megathread
<!-- SC_OFF --><div class="md"><h1>Latest update:</h1> <p><a href="https://twitter.com/cz_binance/status/1590013613586411520">https://twitter.com/cz_binance/status/1590013613586411520</a></p> <blockquote> <p>This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire <a href="http://FTX.com">http://FTX.com</a> and help cover the liquidity crunch. We will be conducting a full DD in the coming days.</p> </blockquote> <hr/> <p>This megathread will be used to discuss all news and events around ongoing FTX story. </p> <p>Currently the latest news articles on the topic are: </p> <p>Cryptocurrencies slide as concerns over FTX exchange rattle markets: <a href="https://www.reuters.com/markets/currencies/cryptocurrencies-slide-concerns-over-ftx-exchange-rattle-markets-2022-11-08/">https://www.reuters.com/markets/currencies/cryptocurrencies-slide-concerns-over-ftx-exchange-rattle-markets-2022-11-08/</a></p> <p>FTX Token Plummets as Market Fears Possible Alameda Contagion: <a href="https://www.coindesk.com/markets/2022/11/08/ftt-plummets-as-market-fears-possible-alameda-contagion/">https://www.coindesk.com/markets/2022/11/08/ftt-plummets-as-market-fears-possible-alameda-contagion/</a></p> <p>Bitcoin slumps ahead of midterms, and FTX addresses slow withdrawals: CNBC Crypto World: <a href="https://www.cnbc.com/video/2022/11/07/bitcoin-slumps-midterms-ftx-slow-withdrawals-cnbc-crypto-world.html">https://www.cnbc.com/video/2022/11/07/bitcoin-slumps-midterms-ftx-slow-withdrawals-cnbc-crypto-world.html</a></p> <p>As per comments in daily thread, some users are reporting delayS in withdrawals. </p> <p>As per FTX latest tweet,</p> <p><a href="https://twitter.com/FTX_Official/status/1589790870290993152">https://twitter.com/FTX_Official/status/1589790870290993152</a></p> <blockquote> <p>queue is decreasing and getting back to more reasonable levels; nodes and banks catching up</p> </blockquote> <p>Please use this thread to discuss all events around this ongoing story. Please do not create new threads on this , they will be removed.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MediumAdhesiveness5"> /u/MediumAdhesiveness5 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ypl4a9/ftx_megathread/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ypl4a9/ftx_megathread/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><h1>Latest update:</h1> <p><a href="https://twitter.com/cz_binance/status/1590013613586411520">https://twitter.com/cz_binance/status/1590013613586411520</a></p> <blockquote> <p>This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire <a href="http://FTX.com">http://FTX.com</a> and help cover the liquidity crunch. We will be conducting a full DD in the coming days.</p> </blockquote> <hr/> <p>This megathread will be used to discuss all news and events around ongoing FTX story. </p> <p>Currently the latest news articles on the topic are: </p> <p>Cryptocurrencies slide as concerns over FTX exchange rattle markets: <a href="https://www.reuters.com/markets/currencies/cryptocurrencies-slide-concerns-over-ftx-exchange-rattle-markets-2022-11-08/">https://www.reuters.com/markets/currencies/cryptocurrencies-slide-concerns-over-ftx-exchange-rattle-markets-2022-11-08/</a></p> <p>FTX Token Plummets as Market Fears Possible Alameda Contagion: <a href="https://www.coindesk.com/markets/2022/11/08/ftt-plummets-as-market-fears-possible-alameda-contagion/">https://www.coindesk.com/markets/2022/11/08/ftt-plummets-as-market-fears-possible-alameda-contagion/</a></p> <p>Bitcoin slumps ahead of midterms, and FTX addresses slow withdrawals: CNBC Crypto World: <a href="https://www.cnbc.com/video/2022/11/07/bitcoin-slumps-midterms-ftx-slow-withdrawals-cnbc-crypto-world.html">https://www.cnbc.com/video/2022/11/07/bitcoin-slumps-midterms-ftx-slow-withdrawals-cnbc-crypto-world.html</a></p> <p>As per comments in daily thread, some users are reporting delayS in withdrawals. </p> <p>As per FTX latest tweet,</p> <p><a href="https://twitter.com/FTX_Official/status/1589790870290993152">https://twitter.com/FTX_Official/status/1589790870290993152</a></p> <blockquote> <p>queue is decreasing and getting back to more reasonable levels; nodes and banks catching up</p> </blockquote> <p>Please use this thread to discuss all events around this ongoing story. Please do not create new threads on this , they will be removed.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MediumAdhesiveness5"> /u/MediumAdhesiveness5 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ypl4a9/ftx_megathread/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ypl4a9/ftx_megathread/">[comments]</a></span>