Michael Siu

Traditional and Digital Asset Investor

[Michael Siu @MichaelCISiu]

@Aster_DEX

[CZ 🔶 BNB @cz_binance]

We do this transparently.

The public address for Binance’s initial commitment of BUSD 1 billion is: 0x043a80999cEe3711D372FB878768909fbE7F71E6

[Binance @binance]

Introducing the Web3 Industry Recovery Initiative!

#Binance and a number of key industry partners have joined together to commit $1B+ to provide financial support to the most promising and highest-quality companies that need it most.

Let's support industry growth together.

[CZ 🔶 BNB @cz_binance]

Good read about how fighting crime is done in crypto. The main law enforcement characters, Tigran Gambaryan and Matt Price both work in the cybercrime team @binance now.

https://t.co/LvlAKQ8Jkj

[Jon Wu @jonwu_]

A quick but important correction:

This is the A-team of corporate crime.

These kinds of attorneys are rarely involved in bankruptcies: they're fundamentally criminal and regulatory investigators.

[Greg @B1ockGreg]

1/ Our team did a deep dive into #FTX balance sheet revealed today by Financial Times and wow I’d be surprised if users are going to see more than 5 cents on the dollar after all of this is over

[Watcher.Guru @WatcherGuru]

JUST IN: 🇭🇰 Hong Kong-based crypto exchange AAX suspends all operations, citing system upgrades.

[Watcher.Guru @WatcherGuru]

Crypto․com CEO says they accidentally sent $400 million $ETH to the wrong wallet address, which was later returned.

[CoinDesk @CoinDesk]

The Bahamas' securities regulator, @SCBgov_bs, said Saturday it had not required @FTX_Official to reopen withdrawals for local customers, contradicting the explanation FTX gave for allowing those withdrawals.

@nikhileshde reports

https://t.co/eeuaY4IfE1

[vitalik.eth @VitalikButerin]

@interfluidity SBF the public figure deserves what it's getting and it's even healthy to have a good dunking session to reaffirm important community values.

Sam the human being deserves love, and I hope he has friends and family that can give it to him.

[CZ 🔶 BNB @cz_binance]

What a sh!t show... And it's going to be crypto's fault, (instead of one guy's fault)...

[Elon Musk @elonmusk]

@TechEmails Accurate. He set off my bs detector, which is why I did not think he had $3B.

[Blockworks @Blockworks]

Elon Musk: SBF set off my bs detector, which is why I did not think he had $3B

[Shira Ovide @ShiraOvide]

Worth taking a moment to appreciate the work CoinDesk did on the tale of FTX. https://t.co/yS7VoDRdfk

[SBF @SBF_FTX]

1) Hi all:

Today, I filed FTX, FTX US, and Alameda for voluntary Chapter 11 proceedings in the US.

[nicolas, 30 ans @nic_carter]

Two tier withdrawals is insane. To those buying Bahamas passports and ferreting funds out of there, you are a moron. You think when grant thornton etc gets in there to liquidate they won’t figure it out?

[Cobie @cobie]

Apparently this is a Bahamas account withdrawing other people's funds for them.

They are likely bypassing the internal balance transfers block by selling NFTs on FTX's NFT marketplace -- eg. Bahamas account creates an NFT, the stuck user buys the NFT with their full balance.

[Bobby Apelrod / / nicefeet.sol @tofushit888]

Lolll not surprised any more. Feel bad for anyone who sold their FTX balances for 10c on the dollar just for @AlgodTrading and his partner to cash out 90c right after

[Flood @ThinkingUSD]

Just a heads up if you’re doing this, or thinking of doing this you’re committing financial crimes. Good luck.