| FTX has been unable to log in; V God denied that he had recently sold 3000 ETH (November 16)
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headlines
FTX has been unable to log in
503 is an HTTP status code, which belongs to the same web page status error code as 404. 503 is a status given to the client when the server is not accessible, and 404 is access to a resource that does not exist on the server.
Several FTX official addresses continued to send assets to the FTX attacker address last night
According to Odaily’s CertiK Alert data monitoring, multiple FTX official addresses (including FTX US and FTX international) continued to send assets to the FTX Drainer address (FTX attacker address) starting with 0x59ab around 7:00 p.m. yesterday. Currently, the FTX Drainer address holds approximately $62 million in assets. Since November 12, 2022, the FTX wallet attackers have received and exchanged about $350 million and sent about $280 million in tokens.
WSJ: SBF Still Raising New Funds to Fill Up to $8 Billion Gap
Odaily News According to the "Wall Street Journal" report, according to people familiar with the matter, FTX founder Sam Bankman Fried is still raising new funds after the company declared bankruptcy. Over the weekend, SBF and several other employees went around looking for fresh commitments from investors, as SBF still felt it could raise enough money to get back on its feet. SBF and several other employees spent the weekend calling around seeking commitments from investors to fill the gap of up to $8 billion and repay FTX clients, the person said.
V God confirmed that he did not own the address that sold 3,000 ETH recently
Odaily News According to a leaked draft money laundering bill, the European Union may ban privacy coins such as Zcash, Monero and Dash. Credit institutions, financial institutions and crypto asset service providers should be prohibited from retaining tokens with enhanced anonymity, according to draft legislation that has been circulated for comments to the 26 other EU member states. (CoinDesk)
Industry news
Industry news
FTX appoints five independent directors, is in touch with regulators including the U.S. Attorney's Office
As previously reported, after the U.S. regulators officially launched an investigation into the FTX bankruptcy incident, FTX company personnel have been in contact with the U.S. regulators and other international regulators in the past 72 hours and have made relevant filings. (Bloomberg)
Softbank: Has written down FTX investment to zero, previously invested less than $100 million
However, many people still question why so many well-known investment companies have made large investments in FTX without much due diligence. Former Softbank Chief Operating Officer Marcelo Claure claimed on social media that he was involved in FTX. In fact, "it was a complete failure". First, I was influenced by FOMO emotions, and second, I didn't fully understand what I was investing in. (Techcrunch)
Data: FTX hackers still hold $339 million in digital assets
Odaily News According to Arkham Intelligence data, so far the FTX attack hacker-related wallets still hold $292 million worth of ETH, $48 million worth of DAI, $44 million worth of BNB, and $4 million worth of Tether on Ethereum. USDT on Avalanche and $3.8 million MATIC on the Polygon Matic bridge. About $20 million in Paxos’ stablecoin, PAXG, was frozen, and Paxos was ordered by U.S. authorities to blacklist the accounts, preventing holders from transferring or cashing out the tokens.
FTX's new CEO: Salaries are expected to be paid as usual and layoffs are planned
Additionally, FTX sent employees forms to fill out and explain their positions in order to determine whether to fire them. Ryne Miller, general counsel of FTX US, will continue to spend the bankruptcy transition period at FTX and be responsible for external communications.
Report: 25% to 40% of Crypto Hedge Funds Have Direct Exposure to FTX or FTT
Odaily News According to reports, 25% to 40% of encrypted hedge funds have a certain degree of direct exposure to FTX or its native token FTT. Josh Gnaizda, CEO of Crypto Fund Research, said that the average exposure of hedge funds to FTX is 7% to 12% of their assets under management. Gnaizda expects the losses of crypto hedge funds and crypto venture funds directly affected by the FTX crash to exceed $1 billion , and possibly even as much as $5 billion.
Wall Street Journal: Alameda has repeatedly used insider information on FTX to hoard tokens
Omar Amjad, co-founder of Argus, said, "They almost always buy positions that they didn't take before the token was listed on FTX a month before". Spokespeople for Alameda and FTX did not respond to WSJ requests for comment. (Wall Street Journal)
FTX Australia plans to hold a meeting of creditors on November 23
Odaily News After FTX filed for bankruptcy, at least 30,000 Australians were affected. FTX Australia and its wholly-owned subsidiary FTX Express were established in March this year and obtained an Australian financial services license after acquiring a local business called IFS Markets. It is reported that FTX Australia creditors plan to hold a meeting next Wednesday (November 23) and are also told not to deposit any funds or execute transactions. (afr)
NBA Warriors suspend partnership with FTX
Odaily News After FTX filed for bankruptcy, the NBA Warriors suspended all FTX-related promotional cooperation, and all promotional advertisements in other venues will be removed.
Gate Response: Holding 269,000 ETHs, the lack of online reserves is a rumor
Armanino is responsible for on-chain verification and auditing of Gate.io’s proof of asset reserves. It is rumored that Gate.io only has 53,930 ETH. During the audit process, Gate.io provided all the addresses to the audit company for on-chain verification. A total of 269,035 ETH, not 53,930 as reported on the Internet.
Crypto exchange Liquid Global suspends all withdrawals
Liquid Global advises against depositing fiat or cryptocurrencies until further notice and will provide an update when available.
AAX: Financing in progress to restore services, failure to initiate legal process to secure distribution of assets
Project News
Project News
Odaily News The Fantom Foundation announced that it will launch a funding program through the Gitcoin new grant agreement Grants Protocol, allowing ecosystem builders within Fantom to participate in the test round of the Gitcoin new grant agreement. Currently, project parties are allowed to apply on the Gitcoin Grants Hub.
Odaily News The Fantom Foundation announced that it will launch a funding program through the Gitcoin new grant agreement Grants Protocol, allowing ecosystem builders within Fantom to participate in the test round of the Gitcoin new grant agreement. Currently, project parties are allowed to apply on the Gitcoin Grants Hub.
A new proposal from the Uniswap community plans to deploy Uniswap V3 on Boba Network
Odaily News Boba Network and Franklin DAO have submitted a proposal to deploy Uniswap V3 on Boba Network in the Uniswap community. Boba Network will provide $1 million in Boba tokens to facilitate the use of Uniswap V3 on the Boba Network. Voting will close on November 18th and the vote is currently 99.96% in favor.
Yuga Labs Launches First NFT Museum Donation Program, Donating CryptoPunk #305 to Miami Institute of Contemporary Art
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Investment and Financing
Odaily’s UGC platform YAHAHA announced the completion of a US$40 million A+ round of financing. Temasek and Alibaba jointly led the investment, followed by 37 Interactive Entertainment. The financing will be used for product iteration, community ecological construction and personnel expansion.
It is reported that YAHAHA was established in 2020 and is composed of senior Unity employees with a team of nearly 200 people. BAI Capital is YAHAHA's A round investor. YAHAHA's 3D content creation tools help creative creators create their own games, worlds and social spaces.
Web3 Sports Gaming Platform Ultimate Champions Receives $4 Million Investment from Binance Labs
Web3 Sports Gaming Platform Ultimate Champions Receives $4 Million Investment from Binance Labs
Odaily News Thallo, a climate technology start-up company, announced the completion of a 2.5 million seed round of financing. This round of financing was led by Ripple, Arcan LLC, Friendly Trading Group 2, Allegory, Cerulean Ventures, and Flori Ventures.
Thallo is located in Sharm El Sheikh, Egypt, and the company will build a blockchain-based credit trading platform. Its partners include Ripple, Celo, Polygon, Chainlink, and more.
Web3 game monetization platform PlayEmber completes $2.3 million financing led by Shima Capital
Odaily News Web3 game monetization platform PlayEmber completed a pre-seed round of USD 2.3 million, led by Shima Capital, with participation from Big Brain Holdings, Warburg Serres and Huobi Ventures. The funding will be used to accelerate the development of the team and platform. (The Block)
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Odaily News Rostin Behnam, chairman of the US Commodity Futures Trading Commission (CFTC), said that although other FTX subsidiaries have collapsed, FTX US Derivatives (formerly LedgerX), a subsidiary of FTX's derivatives trading, is still operating in a healthy manner, which may be due to government supervision.
Former FTX COO: I don’t know about FTX’s transfer of funds, and all my assets are on FTX
Odialy News Prior to this, Twitter KOL Autism Capital continuously released a number of rumors about former FTX employees. Former FTX COO Constance responded, "It is sad and sad to see our former employees spread untrue rumors about me personally on Twitter. I have nothing to do with this incident. Last Tuesday I didn’t even know it before. All I did was try to help after the fact, I didn’t want to give up the company I’d given the last 3 years so I was really trying to save it.”
Kevin O'Leary: Considered bailing out FTX, but gave up due to regulatory concerns
Odaily News Celebrity investor Kevin O'Leary said on Coindesk TV that he considered bailing out before the encryption trading platform FTX filed for bankruptcy, but was blocked by the remarks of Gary Gensler, chairman of the US Securities and Exchange Commission (SEC). Gensler said at the time that encryption The industry is severely non-compliant and needs more regulation. According to Kevin O'Leary, "There is no way to close the loopholes in FTX's balance sheet while the regulation is pending."
Zhu Su: He has already provided The Block with relevant evidence of SBF, but he did not know about the risk
But Dudas (the founder of The Block) suppressed this article, and The Block did not report on this matter, but became the biggest SBF "siffer" in all media.
Mike Dudas: Selling TheBlock in 2021, not involved in the business during the rise of FTX
