👀 For hodlers #SRM #OXY #MAPS #FIDA to read
https://twitter.com/mrjasonchoi/status/1592502785873825794
https://twitter.com/mrjasonchoi/status/1592502785873825794
X (formerly Twitter)
Jason Choi (@mrjasonchoi) on X
The Definitive Thread on FTX
I met SBF before FTX started, and witnessed their rise and fall. I can't stand @nytimes's puff piece.
If anyone wants to know what happened, send them this.
I met SBF before FTX started, and witnessed their rise and fall. I can't stand @nytimes's puff piece.
If anyone wants to know what happened, send them this.
🙈📊 FTX balance is something. FTX owes $1.6B to #BTC users, while #BTC is only worth $1M on balance, for #ETH the difference is -$913M. Here is a rough breakdown of the assets (FTX, Alameda, etc.) that the liquidators have found in all vaults to date:
- $3.5 billion in "liquid" coins
- $1.7 billion in cash
- $800 million "illiquid" coins (#SRM, #MAPS, etc., also known as zero)
- $500 million #FTT (zero)
- $250 million (mainly GBTC)
- $4.5 billion in book value of venture capital investments (who knows how much that's really worth)
~ $5.5 billion of "liquid" assets
~ $11.5 billion in client commitments
- $3.5 billion in "liquid" coins
- $1.7 billion in cash
- $800 million "illiquid" coins (#SRM, #MAPS, etc., also known as zero)
- $500 million #FTT (zero)
- $250 million (mainly GBTC)
- $4.5 billion in book value of venture capital investments (who knows how much that's really worth)
~ $5.5 billion of "liquid" assets
~ $11.5 billion in client commitments