Difference between revisions of "Talk:Timeline of FTX collapse"

Revision as of 22:59, 25 November 2022

What the timeline is still missing addressed items

• ✔Add "As Binance executives pored over FTX’s books, they were confronted with a confusing mess, a person familiar with the matter said. Moreover, the hole that needed to be plugged was growing: FTX first put it at $2 billion, then $5 billion, then finally more than $8 billion, the person said.

Many of FTX’s lawyers quit while the talks were under way, part of a broader exodus of employees from the company, according to people familiar with the matter." from [1]

• ✔price chart based on coin market cap
• ✔[2]
• ✔[3]
• ✔ Matt Levine is important here
• ✔ https://twitter.com/robertwiblin/status/1591099877546635269 and include https://forum.effectivealtruism.org/posts/txGgPvKgZFpphdkHe/my-reaction-to-ftx-appalled
• ✔ https://twitter.com/moskov/status/1591592375553781760
• ✔https://www.bloomberg.com/opinion/articles/2022-11-09/bankman-fried-s-ftx-had-a-death-spiral-before-binance-deal?leadSource=uverify+wall and https://forum.effectivealtruism.org/posts/EKN9Nn89ixriwSXpP/money-stuff-ftx-had-a-death-spiral (EA discussion)
• ✔https://stackoverflow.com/questions/50849770/is-there-a-way-to-change-your-timezone-in-chrome-devtools (use this to change timezone for FTT price chart to UTC)
• ✔https://www.cnbc.com/2022/11/08/ftxs-ftt-token-plunges-80percent-wiping-out-over-2-billion-in-value.html (this was before Binance pulling out)
• ✔https://forum.effectivealtruism.org/posts/HPdWWetJbv4z8eJEe/open-phil-is-seeking-applications-from-grantees-impacted-by
• ✔https://decrypt.co/114319/this-week-crypto-twitter-ftx-collapse-tweets
• ✔https://www.theblock.co/post/184619/solana-ftt-and-serum-prices-plummet-on-back-of-ftx-collapse
• ✔Archive all tweets
• ✔Further elaborate November 8 Lucas Nuzzi row.
• ✔Check UTC time in row saying "SBF apologizes to investors over a lack of communication about the deal with Binance"
• ✔CoinDesk article that started everything
• ✔Binance tweet announcing plans to sell FTT (that was the imminent cause of the collapse)
• ✔Caroline Ellison (Alameda Research CEO) tweet responding to the Coindesk article
• ✔Caroline Ellison (Alameda Research CEO) offers to buy Binance's FTT
• ✔Deleted SBF tweet thread saying customer assets are fine
• ✔SBF tweet thread announcing plan to sell to Binance
• ✔Binance CEO tweet announcing plan to look into buying FTX
• ✔Binance tweet saying they've decided to not acquire FTX
• ✔FTX tweet announcing Tron credit facility
• ✔I found evidence that FTX might have provided a massive bailout for Alameda in Q2 which now came back to haunt them. by Lucas Nuzzi; this would get picked up by multiple sources, e.g., here and here
• ✔SBF "I'm sorry, I f***ed up" mea culpa tweet thread
• ✔SBF tweet thread announcing bankruptcy filing
• ✔Official FTX bankruptcy filing press release
• ✔Will MacAskill tweet thread (also posted to EA Forum here)
• ✔Elon Musk tweet -- Elon Musk's acquisition of Twitter happened shortly before the FTX incident, and the whole FTX saga playing out on Twitter was used by Musk to show Twitter's importance
• ✔Administrative action against FTX Japan Co., Ltd. (covered at Japan’s financial regulator requests FTX Japan halt operations)
• ✔FTX, RIP
• ✔https://www.theblock.co/post/186132/ftx-collapse-timeline-six-days-that-rocked-the-crypto-industry
• ✔https://www.coindesk.com/markets/2022/11/12/the-epic-collapse-of-sam-bankman-frieds-ftx-exchange-a-crypto-markets-timeline/
• ✔https://www.protocol.com/fintech/ftx-collapse-timeline
• ✔Elon Musk tweet on SBF setting off his BS detector, and various media coverage related to this
• ✔Money, Credit, Trust, and FTX
• ✔NYT interview with SBF
• ✔SBF puts up penthouse for sale for $39.5 million
• ✔Alameda filing that shows the corporate structure, plus pictorial representations of the dependencies
• ✔FTX US President Brett Harrison steps down; the fact that this is a day before SBF's transfer of funds would be commented upon later
• ✔Who is billionaire FTX co-founder Gary Wang and why is he still committing code?
• ✔What happened at Alameda Research
• ✔Sam Harris podcast on SBF; see EA Forum post with a summary
• ✔Kelsey Piper's interview of SBF (FTX official response on Twitter, EA Forum discussion, Hacker News discussion, Business Insider coverage)
• ✔Manifold Markets prediction (note the prediction was created October 5) (Add for visual data and a row on the full timeline)
• ✔Bahamas regulator contradicts FTX claim that it was required to process local withdrawals
• ✔Bank account access after FTX hack (via Plaid)
• ✔ The Psychopharmacology Of The FTX Crash
• ✔ Doug Colkit's story of what happened
• ✔ (elaborate a bit more) Matt Yglesias's thoughts on the FTX collapse
• ✔ Bankruptcy filing by John J. Ray (new CEO of FTX) (another longer (?) version) including his condemnation of the way FTX had been run previously; see also coverage of it in the news e.g., here
• ✔Tweet thread by Adam Cochran on September 30 using data on Ethereum discrepancies at FTX to infer that FTX is highly leveraged
• ✔'Only a Psychopath Can Write That Tweet': Binance CEO CZ on SBF
• ✔Miami Heat to cut ties with bankrupt FTX, rename arena

EA Forum posts

• ✔the first EA post about the subject
• ✔important summary post for how things were at the time
• ✔the first public announcement by openphil, the other major founder of the EA ecosystem
• ✔ethical stands from the EA community in response what seems to be fraud by FTX
• ✔the first post on returning grants
• ✔first post with explicit suggestions for the EA community to try to reduce the risk of ftx like situation or reduce the damage caused by a situation like this
• ✔[4]
• ✔open-ended question post asking how the EA community can avoit the FTX situation
• ✔suggests very concrete actions for EA organizations, based on the late events
• ✔I can use this for the row on SBF attempting to help E Musk
• ✔[5]
• ✔author is openphil legal counsel and also her post is highly referenced and upvoted
• ✔the first post announcing a source of alternative funds for FTX Fund grantees
• ✔it questions some of the lessons the EA community is drawing from the FTX collapse
• ✔add this to the New York Times row as reference without mentioning EA in the row
• ✔highly upvoted post
• ✔highly upvoted posts suggesting higher standards for how to draw lessons
• ✔first post talking about the impact the FTX collapse had on the EA funding ecosystem
• ✔the first post talking about the EA org side of the situation and explaining the communication strategy
• ✔highly commented and by important figures
• ✔Zvi post with a very extensive and comprehensive (as of the time) coverage of the situation
• ✔The relative silence on FTX/SBF is likely the result of sound legal advice: post on EA Forum that discusses the pros and cons of talking publicly about SBF/FTX for EA; highly upvoted and generates a spirited discussion in the comments
• ✔Rethink Priorities’ Leadership Statement on the FTX situation
• ✔Thoughts on legal concerns surrounding the FTX situation: document preservation and communications (probably doesn't need a separate row, may be worth including in the row for the first post by Molly)