The Collapse of FTX | 24 hours later

The craziest 48 hours in crypto history? From the apparent takeover of FTX by Binance to no more takeover to SBF now being probed by U.S. regulators.

As the dust settles, we cover everything that’s unfolded in the last 24 hours and how it’ll reshape crypto moving forward.

If you missed yesterday’s stream where we go over the timeline of how all this happened and got industry leaders Brian Armstrong, Erik Voorhees, & Ryan Selkis to share their thoughts—you can find it here: https://youtu.be/LDtZyMcaaNY

------
Earnifi | Check For Your Unclaimed Airdrops, POAPs, & NFTs
https://bankless.cc/earnifi

------
SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/?utm_source=banklessshowsyt
️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/

------
BANKLESS SPONSOR TOOLS:

️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum

ACROSS | BRIDGE TO LAYER 2
https://bankless.cc/Across

BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave

NEXO | CRYPTO FINANCIAL HUB
https://bankless.cc/Nexo

LEDGER | NANO HARDWARE WALLETS
https://bankless.cc/Ledger

️FUEL | THE MODULAR EXECUTION LAYER
https://bankless.cc/Fuelpod

------
Timestamps:

0:00 Intro
5:05 The Recap
https://twitter.com/wassielawyer/status/1590025892994371584
https://twitter.com/RyanSAdams/status/1590150120250966016
14:37 Our Mood
25:00 The Story Continued
https://twitter.com/cz_binance/status/1590351182513729544
29:50 SBF Deleting Tweets
https://twitter.com/ledgerstatus/status/1590115753331937281
31:27 Ooof
https://twitter.com/ercwl/status/1590165313190260737
https://twitter.com/Snowden/status/1590319361863995394
33:35 SBF Letter to Investors
https://twitter.com/WClementeIII/status/1590107340317294593
35:20 UPDATE
https://www.coindesk.com/business/2022/11/09/binance-is-strongly-leaning-toward-scrapping-ftx-rescue-takeover-after-first-glance-at-books-source/
https://twitter.com/Blockworks_/status/1590441854960820224
37:35 US Probes FTX
https://www.bloomberg.com/news/articles/2022-11-09/us-probes-ftx-empire-over-handling-of-client-funds-and-lending
39:30 https://twitter.com/tier10k/status/1590444221525278721
https://twitter.com/tier10k/status/1590394410151251968
https://twitter.com/depression2019/status/1590383943358218240
43:26 Alameda Website Dead
https://twitter.com/WClementeIII/status/1590406041250181120
https://12ft.io/proxy?q=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fbinance-is-said-to-be-likely-to-walk-away-from-deal-to-buy-ftx-11668020963
44:20 How This Happened?
https://twitter.com/LucasNuzzi/status/1590122590206824448
1:02:00 Binance Tweets
https://twitter.com/binance/status/1590449161069268992
Onchain flows
https://www.coindesk.com/markets/2022/11/09/these-four-key-charts-shed-light-on-the-ftx-exchanges-spectacular-collapse/
https://twitter.com/LucasNuzzi/status/1590122590206824448
1:05:07 Convo Starter
https://twitter.com/crypto_condom/status/1590338735606231041
1:08:05 10% of Multicoin on FTX
https://twitter.com/TheBlock__/status/1590349978873913350
1:09:39 Galaxy Exposure to Alameda
https://www.theblock.co/post/184262/galaxy-digital-reveals-ftx-exposure-in-q3-earnings-report
1:10:00 FTX Investors
https://twitter.com/fintechfrank/status/1590145184020328448
1:10:46 Other Chains
https://twitter.com/dunleavy89/status/1590056663767449600
1:11:15 FTX.US is Okay
https://www.axios.com/2022/11/09/ftx-us-american-subsidiary-impact-liquidity-crunch
1:11:30 Emotions
https://twitter.com/0xfoobar/status/1590204552891899907
https://twitter.com/cobie/status/1590188580483497985
https://twitter.com/shaughnessy119/status/1590201528014753792
https://twitter.com/lawmaster/status/1590238771915935744
People Selling their FTX Balances
https://twitter.com/TensaiCapital/status/1590301595237224449
SBF Down Bad ATH
https://twitter.com/econoar/status/1590130144815218689
1:20:25 CZ Tweets
https://twitter.com/cz_binance/status/1590313459132305408
1:22:00 Solana Unlocks
https://twitter.com/thedata_nerd/status/1590307325650182144
1:27:00 Coinbase Gud
https://twitter.com/ViktorBunin/status/1590064600178835457
1:27:16 The Meta Question
https://twitter.com/BanklessHQ/status/1590341304172838913
1:27:30 What Happened & Closing Thoughts
1:34:05 Risks & Disclaimers
1:34:35 Leaving you with Larry David
https://twitter.com/LilMoonLambo/status/1590145235291893760

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures