FTX debt’s expected loss ratio rose to 57%, up 20% from September
FTX's debt repayment rate is expected to increase to 57%, higher than September's 37% and January 2023's 15%. According to FTX debtors, creditors may receive compensation by mid-2024. (Coin Edition)
FTX cold wallet transferred 300,000 SOL 4 hours ago and still holds 971.16 SOL
According to Pai Shield monitoring, 4 hours ago, the address marked as "FTX Cold Storage #2" transferred 300,000 SOL (approximately $11.48 million) to the address starting with 4Axqyo. The "FTX Cold Storage #2" address currently still holds 971.16 SOL (approximately $37,923.79).
Lookonchain: 8 addresses where FTX/Alameda recently sold assets currently hold approximately $619 million in assets
Lookonchain analyzed 8 FTX/Alameda addresses that recently sold assets. These addresses currently hold approximately $619 million in cryptocurrency assets, including: 49,745 ETH ($89 million), 69.7 million FTT ($85.6 million), 25 million WLD ($43.5 million), 694 WBTC ($2.4 million), 12,950 WETH ($23 million), and 16.9 million TOMOE ($22 million).
FTX transferred a total of 1.1 million SOL and 7183 ETH for sale in the past 24 hours
On November 3rd, Lookonchain monitoring shows that in the past 24 hours, FTX has sold a total of 1.1 million SOL coins (worth 42.35 million US dollars) and 7,183 ETH coins (worth 12.9 million US dollars).
As of November 3rd, FTX has transferred approximately 221.7 million US dollars worth of cryptocurrency.
FTX has transferred approximately $22 million worth of SOL to Binance and Wintermute today
On November 3, as monitored by PeckShield, FTX's cold wallet address transferred approximately 550,000 SOL tokens (worth approximately $22 million) to Binance and Wintermute, and received approximately 326.64 SOL tokens (worth approximately $13,000) from Bitfinex today.
SBF found guilty on seven counts
Sam Bankman-Fried has been found guilty of the collapse of FTX. After 15 days of testimony and about four and a half hours of deliberation, the jury made a verdict, finding him guilty of seven counts of fraud and conspiracy.
Jury begins deliberations in SBF fraud case and may reach verdict today or early next week
On Thursday afternoon Eastern Time, the jury began deliberating on seven charges of fraud and conspiracy against Sam Bankman-Fried (SBF), related to his tenure as head of FTX and its sister trading company Alameda Research. The jury can reach a verdict anytime before 8:30 PM in New York today (8:30 AM on Friday in Beijing), and all twelve jurors must reach a unanimous decision on each of the seven charges to make a verdict. If they cannot reach a consensus today, the court will adjourn until next Monday to continue the deliberation. If all charges are proven, SBF could face up to 115 years in prison, with prosecutors calling it "one of the largest financial fraud cases in American history."
FTX transfers ~$1M in COMP and YFI to Coinbase Prime
According to PeckShield's monitoring, an address marked as FTX has once again transferred approximately $1 million worth of COMP and YFI to Coinbase Prime.
FTX/Alameda moved 9 assets worth $46 million to Kraken and other exchanges in the past 7 hours
According to data monitored by Spot On Chain, Jinse Finance reported that FTX/Alameda transferred 9 assets worth $46 million to Kraken, Binance, and Coinbase in the past 7 hours.
500,000 SOL coins ($21.6 million);
14 million MATIC coins ($9.3 million);
2,784 ETH coins ($5.15 million);
810,000 MASK coins ($2.51 million);
2.1 million SUSHI coins ($2.37 million);
7.67 million BAT coins ($1.64 million);
71.6 million GALA coins ($1.4 million);
650,000 LDO coins ($1.22 million);
4.47 million C98 coins ($842,000);
Since October 26, FTX/Alameda has transferred about 30 assets worth about $170 million.
SBF's lawyer completed the closing argument and insisted on defending SBF not guilty.
SBF's attorney Mark S. Cohen completed his closing argument in court on Wednesday evening local time, requesting the court and jury to find that SBF acted in "good faith" throughout its operation of FTX and Alameda Research, and therefore cannot be found guilty of fraud.
In his closing argument, the attorney stated that it was "real-world miscommunications," "mistakes," and "delays" that harmed other members of FTX and Bankman-Fried's crypto empire, not intentional fraud.<br>
