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Special Saturday Edition: FTX files for Chp 11 bankruptcy, hacked, and more
Welcome to the first ever Daily Digest on a Saturday. We felt the need to publish a special edition of this on the weekend given everything that has went down this week. Every day with the FTX situation just continues to get a little crazier and unbelievable. We hope you are safe.
Below is an overview of the yesterday’s top news.
FTX files for bankruptcy, includes FTX US and 133 other entities/Firms. See the entire list here.
SkyBridge founder, Anthony Scaramucci, flew to the Bahamas to see if he could help SBF but realized FTX couldn’t be rescued
Audits for FTX were performed by the “first-ever CPA firm in the Metaverse.” This type of stuff, seriously, cannot be made up
Twitter user noticed FTX funds moving. Went full 180 from employee(s) running off with funds, hack, to FTX just moving funds. I’m not sure what to believe
FTX US GC comes out and says (hours after the funds move) that they were moving funds to a cold wallet
Rumors were circulating that Yuga Labs had most of their treasury on FTX but Co-Founder claims they did not
SBF on the run to Argentina?
*Developing* SBF build a “backdoor” to FTX to be able to change financial records and move funds without alerting others.
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