What Happened on Nov. 11th|FTX, FTX US and Alameda File for Chapter 11 Bankruptcy, SBF Resigns

TI Research

On November 11th, FTX filed for bankruptcy in the US, and SBF resigned as CEO. Alameda's estimated assets and estimated liabilities are both between $10 billion and $50 billion. BlockFi paused client withdrawals.

CeFi

  • FTX has filed for bankruptcy in the U.S. Source
  • Alameda's estimated assets and estimated liabilities are both between $10 billion and $50 billion. Source
  • BlockFi pauses client withdrawals. Source
  • Cobie: Users selling NFT for money transfers via FTX NFT marketplace. Source
  • SBF seeks a $9.4 billion package for FTX rescue-source. Source
  • Tether has no plans to invest or lend money to FTX and Alameda, says Tether CTO. Source
  • Alameda owes FTX about $10 billion. Source
  • FTX Japan resumes JPY withdrawals. Source
  • FTX US's $ETH withdrawals will resume shortly. Source
  • Crypto exchange FTX has reopened withdrawals. Source
  • CoinShares reveals $30 million exposure to FTX. Source
  • KuCoin has no exposure to FTX, says CEO. Source
  • Clearpool has no direct exposure to FTX or Alameda. Source
  • Crypto.com will publish its cold wallet addresses and balances for major assets within 24 hours. Source
  • Voyager's deal with FTX is not done, with no assets transferred to FTX. Source
  • Mechanism Capital among funds with assets stuck in FTX, exploring legal options. Source
  • LayerZero bought FTX, FTX Ventures and Alameda out of 100% of their equity position, token warrants. Source
  • Elon Musk warns Twitter may lose billions next year. Source

DeFi

  • SafeDAO votes against the proposal regarding enabling $SAFE transferability. Source
  • PeckShield: DFX Finance's DEX pool was hacked with a loss of 3,000 $ETH. Source
  • Data: 2,751,361,898 $USDT transferred from Binance to unknown wallet. Source
  • Solend accrues $6 million in bad debt after a sharp fall in $SOL price. Source

Infrastructure

  • Dogechain will conduct an upgrade on November 14th to support PoS. Source

Policy & Regulation

  • Securities Commission of The Bahamas freezes FTX assets. Source
  • SEC Chair: Crypto industry has regulations and those regulations are often very clear. Source
  • US senators: Greater federal oversight of the digital asset industry is needed. Source
  • Europe’s financial leaders: Crypto conglomerates and exchanges are in need of urgent regulation. Source

FTX

SBF

Exchanges

Policy and Regulation

DeFi

Ethereum

Alameda Research

Lending

Tether

KuCoin

Crypto com

SEC

Security Incidents

TI Research

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