BlockFi Investor Conference Presentation Deck
FTX & Binance
On November 2, 2022, Coin Desk released a report revealing that on Alameda's balance sheet,
$5.8 billion of its $14.6 billion in assets was FTT, FTX's self-minted token.) The report initiated a
death spiral for FTT during the first 11 days of November.
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CZ Binance
@cz_binance
As part of Binance's exit from FTX equity last year,
Binance received roughly $2.1 billion USD equivalent in
cash (BUSD and FTT). Due to recent revelations that
have came to light, we have decided to liquidate any
remaining FTT on our books. 1/4
9:47 AM Nov 6, 2022 Twitter for iPhone
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Crypto World Is Rocked as World's
Largest Exchange Rescues Rival
The New York Times - November 8, 2022
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Binance @binance Nov 9
Official
As a result of corporate due diligence, as well as the latest news reports
regarding mishandled customer funds and alleged US agency
investigations, we have decided that we will not pursue the potential
acquisition of FTX.com.
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(1) Ian Allison, Divisions in Sam Bankman-Fried's Crypto Empire Blur on His Trading Titan Alameda's Balance Sheet, CoinDesk (Nov. 2, 2022).
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Binance @binance Nov 9
Official
In the beginning, our hope was to be able to support FTX's customers to
provide liquidity, but the issues are beyond our control or ability to help.
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