Peter Brandt just post a head and shoulders pattern for FTT!! anyway...
in the hours before FTX secured rescue from Binance, it sought a bailout of more than $1 billion from Silicon Valley and Wall Street billionaires. By midday Tuesday the hole appeared far deeper closer to $5 billion to $6 billion. SBF wrote in a message to staff sent on Tuesday morning, “in the last 72 hours, we’ve had roughly $6b of net withdrawals from FTX”. Withdrawals at FTX are “effectively paused”, he wrote, adding that would be resolved in “the near future”
targets 5 , 4 , 3
in the hours before FTX secured rescue from Binance, it sought a bailout of more than $1 billion from Silicon Valley and Wall Street billionaires. By midday Tuesday the hole appeared far deeper closer to $5 billion to $6 billion. SBF wrote in a message to staff sent on Tuesday morning, “in the last 72 hours, we’ve had roughly $6b of net withdrawals from FTX”. Withdrawals at FTX are “effectively paused”, he wrote, adding that would be resolved in “the near future”
targets 5 , 4 , 3
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we hit our first target ✅
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we hit our second target!✅
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we hit all targets 🥂
gentleman welcome to crypto
gentleman welcome to crypto
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Huobi Co founder: FTX has withdrawn more than $6 billion of liquidity from the market in the past week. The lending institutions that provide credit to Alameda and the centralized platforms that have been withdrawn by FTX are at risk. Users need to pay attention to asset safety
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FTX CEO Sam Bankman-Fried's net worth falls $14.6 billion in the past 24 hours to $991M
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Binance walks away from deal to rescue FTX exchange
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FTX, Alameda and 130 additional affiliated companies have commenced voluntary proceedings under Chapter 11 of the United States Bankruptey Code. Sam Bankman-Fried has resigned his role as Chief Executive Officer.
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FTX has been hacked
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SBF Reveals FTX/Alameda Financials: Liquid: -$8b Semi: +$5.5b Illiquid: +$3.5b; a month ago it was worth $18b; +$10b net. He said Alameda had more assets than liabilities and had margin position on FTX Intl
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FTX Japan announced that it plans to resume local customer withdrawals, and the funds of Japanese customers will not be affected by the bankruptcy and reorganization of FTX Group. FTX clients in Japan may be the first FTX users to get their funds back.
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“Fire up the FTX exchange. Issue a new FTT token. Distribute the token to creditors/depositors. Accrue 100% of profits to token holders. ” SBF said this would be a productive path to explore and hope that the teams in place will do so. But the comments are criticism and disbelief!
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SBF arrested by Bahamas Police
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US Government charges Sam Bankman-Fried with money laundering, wire fraud, and securities fraud
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huge short pressure on FTT
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FTX has recovered more than $5 billion in different assets, not including another $425 million in crypto held by the Bahamas, a bankruptcy attorney said during a hearing Wednesday. FTX’s total liabilities range from $10b to $13b, meaning creditors could recover around 40%
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FTX’s new chief executive said that he has set up a task force to explore restarting FTX, because some customers have praised its technology and suggested that there would be value in rebooting the platform!
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ponzi pattern
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FTX Says $9 Billion in Customer Funds Are Missing
SAM funds are SAFU!
SAM funds are SAFU!
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The United States IRS has filed claims worth nearly
44B
against the estate of bankrupt crypto exchange FTX and its affiliated entities. According to bankruptcy filings, the IRS put forth 45 claims against FTX companies, which include FTX US, Ledger Holdings and Blockfolio among others. The largest of the claims includes a $20.4B and a $7.9B claim against Alameda Research LLC and two claims totaling $9.5B against Alameda Research Holdings Inc.
44B
against the estate of bankrupt crypto exchange FTX and its affiliated entities. According to bankruptcy filings, the IRS put forth 45 claims against FTX companies, which include FTX US, Ledger Holdings and Blockfolio among others. The largest of the claims includes a $20.4B and a $7.9B claim against Alameda Research LLC and two claims totaling $9.5B against Alameda Research Holdings Inc.
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ponzi pattern
Trade closed: target reached:
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FTX on Thursday sued a former aide to Hilary Clinton and the former aide's investment firm, seeking to claw back $700 million. SBF authorized the transfer of $700 million to K5 entities in 2022, and he leaned on K5's celebrity and business connections in his effort to obtain rescue financing in the days before FTX went bankrupt in November 2022
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FTX has recovered $7.3 billion in assets. Including $2 billion in cash, $4.3 billion in Class A cryptocurrencies, $300 million in securities, and $600 million in investment receivables, etc. FTX is considering reopening the exchange business in July.
Trade closed: target reached:
Trade active:
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ftt apes(not bulls!) managed to broke 2.6-2.7$ and hit 5.8$
ftt is not good for hold at all but if it gets volatile you can have some futures trade
ftt is not good for hold at all but if it gets volatile you can have some futures trade
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Former FTX CEO Sam Bankman Fried gets sentenced to 25 years in prison in FTX case