foobar on Twitter: a short story. starting to see why exchanges donโt like proof-of-reserves
Source: https://twitter.com/0xfoobar/status/1591613447812583425
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dismal-jellyfish
Remember: Not your keys, not your crypto. Not your name, not your shares.
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foobar: My best interpretation is that FTX counsel noticed the blackhat thefts getting dumped to ETH and DAI onchain, then took whitehat actions to save the remainder of funds.
Source: https://twitter.com/0xfoobar/status/1591342552485330945
foobar on twitter: My best interpretation is that FTX counsel noticed the blackhat thefts getting dumped to ETH and DAI onchain, then took whitehat actions to save the remainder of funds. Estimates from @zachxbt have the blackhat theft at ~450m and whitehat rescue
foobar on twitter: Fun fact: FTX appointed the Enron liquidator as the CEO replacement for SBF Another fun fact: "built by traders, for traders" was the tagline for both companies
https://twitter.com/0xfoobar/status/1591298450649673728
Retiring Senator Toomey calls out SEC and congress in tweet: Congressโ failure to pass legislation creating regulatory guardrails for crypto trading, combined with the complete hostility and lack of transparency by SEC
Retiring Senator Toomey calls out SEC and congress in tweet: Congressโ failure to pass legislation creating regulatory guardrails for crypto trading, combined with the complete hostility and lack of transparency by SEC, has generated a debilitating amount of legal uncertainty.
SEC Alert! 4/29/22 FTX had a meeting with the SEC about the conditional no action relief from the SEC for FTX.
Senators moving forward with SBF-backed bill after FTX collapse. The bill would grant the CFTC more power over cryptocurrency markets and exchanges. Remember, CFTC extended international swap reporting exemptions for certain entities through 12/1/2025.
Source: https://www.theblock.co/post/185746/senators-moving-forward-with-sbf-backed-bill-after-ftx-collapse
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