FTX Trading Investor Conference Presentation Deck
Caroline Ellison, Alameda Research CEO, Tweets
Caroline
@carolinecapital
Nov. 2
A few notes on the balance sheet info that has been
circulating recently:
- that specific balance sheet is for a subset of our
corporate entities, we have > $10b of assets that
aren't reflected there
Documents leaked showing
large FTT position in the
Alameda Silo balance sheet
Nov. 6
Case 22-11068-JTD
Changpeng Zhao, Binance's CEO, Tweets:
CZ Binance
@cz_binance
As part of Binance's exit from FTX equity last year,
Binance received roughly $2.1 billion USD equivalent in
cash (BUSD and FTT). Due to recent revelations that
have came to light, we have decided to liquidate any
remaining FTT on our books. 1/4
Doc 115-1 Filed 11/22/22 Page 13 of 21
COLLAPSE
CZ Binance
@cz_binance
Binance Tweets End of FTX Deal Talks
FTX pauses all customer
withdrawals and FTT price
falls ~80%
Binance
@binance
As a result of corporate due diligence, as well as the
latest news reports regarding mishandled customer
funds and alleged US agency investigations, we have
decided that we will not pursue the potential
acquisition of FTX.com.
Nov. 8
Binance CEO Tweets Potential Deal
This afternoon, FTX asked for our help. There is a
significant liquidity crunch. To protect users, we signed
a non-binding LOI, intending to fully acquire FTX.com
and help cover the liquidity crunch. We will be
conducting a full DD in the coming days.
Nov. 9
Bahamas freezes assets of FTX
Digital Markets and appoints a
provisional liquidator
SBF requests
emergency
funding from
investors to cover
a shortfall of up
to $8bn
SBF resigns at 4:30 am ET
and authorizes Mr. Ray to
commence these Chapter
11 Cases
Nov. 10
Alameda Research
announces trading
winding down
Nov. 11
The FTX Group
files chapter 11
petitions with this
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