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

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