VagueMag

40 ms·

541.
FTX's Bankman-Fried Quietly Invested More Than $500M in Sequoia and Other VCs(theinformation.com)
2 points by VagueMag 4y ago|0 comments
542.
Bahamian securities regulators directed transfer of FTX funds to their accounts(twitter.com)
13 points by VagueMag 4y ago|0 comments
543.
Bahamian liquidators say FTX wasn't authorized to file for bankruptcy in the US(coindesk.com)
2 points by VagueMag 4y ago|0 comments
544.
Sam Bankman-Fried did financial system a favor(reuters.com)
19 points by VagueMag 4y ago|9 comments
545.
Inside a Once-$10B Crypto Empire That's Suddenly Cracking(bloomberg.com)
6 points by VagueMag 4y ago|0 comments
546.
Before FTX collapse, founder poured millions into pandemic prevention(washingtonpost.com)
4 points by VagueMag 4y ago|3 comments
547.
by VagueMag 4y ago
You think he spent a whole day composing a dozen or so tweets?
548.
by VagueMag 4y ago
There's no "role" of any significance to be investigated here. FTX was not a bank, if it had not been improperly using customer funds, or using absurdly inflated valuations of its own shitcoin FTT as balance sheet collateral,
549.
by VagueMag 4y ago
SBF has been given many days to destroy evidence since his wrongdoing became plainly obvious for all the world to see. Not much hustle from the blue windbreakers on this one.
550.
by VagueMag 4y ago
> In both those companies, people die if the software doesn't work right. Indeed: many people have been killed by Teslas running the half-baked Autopilot, and Teslas have a far worse safety profile than other new cars in their cat
551.
Genesis' Crypto-Lending Unit Is Suspending Withdrawals in Wake of FTX Collapse(coindesk.com)
186 points by VagueMag 4y ago|179 comments
552.
FTX's In-House Performance Coach Is Just as Surprised as You Are(nytimes.com)
3 points by VagueMag 4y ago|0 comments
553.
Wallet that drained FTX accounts starts swapping millions of DAI for ether(theblock.co)
1 points by VagueMag 4y ago|0 comments
554.
by VagueMag 4y ago
I would bet Lewis will substantially revise his book if that was his initial take, but it doesn't bode well that he saw SBF as a Luke Skywalker in the first place.
555.
by VagueMag 4y ago
This article is coming in for a great deal of criticism on cryptocurrency Twitter. Among many issues with it that stand out to me, the biggest is probably that they do not mention the balance sheet leak that precipitated the final loss of c
556.
by VagueMag 4y ago
> FTX is being represented in the investigations and the bankruptcy by the law firm Sullivan & Cromwell Ah, the Dulles's old firm, nothing spooky going on here at all.
557.
Who is billionaire FTX co-founder Gary Wang and why is he still committing code?(theblock.co)
6 points by VagueMag 4y ago|1 comments
558.
Crypto exchanges race to soothe client's nerves after FTX collapse(ft.com)
3 points by VagueMag 4y ago|0 comments
559.
FTX collapse, Tether have links to infamous online poker cheating scandals(poker.org)
3 points by VagueMag 4y ago|0 comments
560.
Crypto exchanges may be exchanging ETH loans to pass proof-of-reserve audits(twitter.com)
39 points by VagueMag 4y ago|51 comments
561.
New FTX tokens worth about $350M appear out of thin air(theblock.co)
7 points by VagueMag 4y ago|0 comments
562.
by VagueMag 4y ago
Ok, so, "blacklist these particular addresses or we will seize your entire collateral"?
563.
by VagueMag 4y ago
If authorities wanted to freeze a subset of DAI, could they do so by directing USDC to refuse to back those tokens?
564.
by VagueMag 4y ago
FTX was not an FDIC-insured bank with the ability to borrow funds at the Fed discount window, and it did not tell its customers it would be lending out their funds.
565.
by VagueMag 4y ago
Setting aside arguments about whether it actually fixes the moral hazard issues with fractional reserve banking, banks also have FDIC deposit insurance and there is an understanding of the possibility of loss of funds which exceed the insur
566.
by VagueMag 4y ago
Yes, exactly. The liabilities number includes all on-exchange customer deposits and funds, which it should be theoretically possible to redeem in full at any time.
567.
FTX held less than $1B in liquid assets against $9B in liabilities(ft.com)
113 points by VagueMag 4y ago|183 comments
568.
by VagueMag 4y ago
> heavily exposed to USDC
569.
by VagueMag 4y ago
I guess I'm really ignorant of the whole DeFi ecosystem and how it works and so maybe this isn't feasible, but I would think keeping 100% of Bitcoin and Monero (even if their prices crash a further 80%) would be better than going
570.
by VagueMag 4y ago
Why would the attacker move the funds to any remotely censorable coin like DAI?

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