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bigdaddyrabbit2 | 3 years ago

Unlike traditional finance, all this is on-chain, so you can trivially look it up.

https://etherscan.io/address/0x7abe0ce388281d2acf297cb089cae...

FTX seems to be processing withdrawals normally. For the life of me, I can't understand why journalists love to speculate instead of doing a 5-second search on EtherScan.

discuss

order

janmo|3 years ago

SBF and CZ tweeted. https://twitter.com/cz_binance/status/1590013613586411520 https://twitter.com/SBF_FTX/status/1590012124864348160

Reading through the lines: FTX is in trouble and faces a "liquidity crunch", Binance might acquire them (But will do Due Dilligence first).

FTX US is not affected (SBF says funds are SAFU for FTX US, probably withdrawals are working for US but not FTX global)

JumpCrisscross|3 years ago

> SBF says funds are SAFU for FTX US

Why would anyone trust this?

nerf0|3 years ago

I admit I did panic and tried to withdraw my funds yesterday. They just processed it today. A bit delayed but still processing.

joyfylbanana|3 years ago

Nothing wrong with taking a caution first approach.

However to me most articles about FTX seem like "panic first, research after". Yes SBF's investment company might be fucked, but customers funds should be totally separate from that.

dannyw|3 years ago

First one out, no problem.

Second one out, no problem.

Last one out, problem.

rchaud|3 years ago

FTX looks to be toast, Binance are in takeover talks. Perhaps you were the one speculating?