I just read FTX's Chapter 11 First Day Affidavit.
In it, the appointed restructuring CEO John Jay Ray III, who oversaw Enron's bankruptcy proceedings, calls FTX's case the worst of his career.
Its contents are shocking.
Here are the highlights:
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Here's what you can do:
1. immediately disclose all of the contagion risk. What other financial services had 7+ figs in your custody?
2. loudly shout to the world, over and over, in every interview, that this had nothing to do with crypto
3. cooperate 100%
https://t.co/ePON3AjYmu
What was SBF lobbying against? DeFi. π€
What would have prevented this? DeFi. π€
What exchanges already publish real-time proof-of-reserves? DeFi. π€
What will US regulators try to shut down? DeFi. π€·ββοΈ
From 150 to 200+ $BTC in volume and 550 to 1200+ transactions in less than 2 months! π₯³
With another milestone reached we wanted to share a little breakdown of the transactions beyond what is readily available on our analytics page:
https://t.co/VBgJXsM9CN
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Trustless bridge & swap now live between @ethereum mainnet and @zcash network πͺ
Swap $ETH β‘οΈ $ZEC on Zcash
Send $ZEC from a shieldedπ‘οΈ address β‘οΈ $ETH gaslessly to fund a fresh account on Ethereum
https://t.co/mMsV1Pc504
@renprotocol#ZEC#ETH#privacy
Torn about what to do with idle $USDC?
Always a good time to start that DCA into $BTC you have been putting off.
#zeroBridge makes it easyπ
https://t.co/Cg0mpE7aLp
@renprotocol#USDC βοΈ #BTC