๐ณ Social Media
foobar on Twitter: and now their wallets have stopped processing exchange withdrawals because...not enough eth to pay for gas maybe these guys are solvent, maybe not, but who on earth is running operations over there
Source: https://twitter.com/0xfoobar/status/1591955474538463236
foobar on Twitter: Exchanges should not touch customer funds for any purpose. Not to secretly lend, not to market make, not to arbitrage across external exchanges, not to make venture investments, not to make political donations, not to play in prediction
https://twitter.com/0xfoobar/status/1591952364638203905
Exchanges should not touch customer funds for any purpose. Not to secretly lend, not to market make, not to arbitrage across external exchanges, not to make venture investments, not to make political donations, not to play in prediction markets. Users can trade, that'
foobar on Twitter: cryptodotcom sent over $1 billion of stablecoins to FTX during the past year. simultaneously, the defillama team has been unable to account for the $1.6 billion of stablecoins bridged to Cronos Chain another CEX playing hedge fund with
foobar on Twitter: cryptodotcom sent over $1 billion of stablecoins to FTX during the past year. simultaneously, the defillama team has been unable to account for the $1.6 billion of stablecoins bridged to Cronos Chain another CEX playing hedge fund with customer deposits, only to lose it all?
https:
foobar on Twitter: FTX's balance sheet just leaked. Note that this is where things stood before the hack, so subtract ~$450,000,000 to account for the stolen SHIB/APE/USDT/BNB/stETH/etc
Source: https://twitter.com/0xfoobar/status/1591572788803944450
foobar on Twitter: a short story. starting to see why exchanges donโt like proof-of-reserves
Source: https://twitter.com/0xfoobar/status/1591613447812583425
Post on Reddit
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