Category: Uncategorized
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SBF’s Fraud Defense analyzed – The Real Motive of the FTX Fraud
After posting a quick analysis on Twitter, I thought I’d post on here as the website is better formatted for longer form content, in addition to having a longer shelf life than a twitter post. Coinage media has recently gotten an actually interesting SBF interview, which showcases how he intends to explain his part in…
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How Centralized Stablecoin pegs actually work – Clearing up misconceptions
Why is a Tether worth ~1 USD, how are Tethers (or USDC tokens) actually created given few users work directly with them? That’s what I’m hoping to clarify in this piece inspired by one particularly misinformed twitter post. Disclaimer: I have no employment, or business relationship with any stablecoin issuer, nor does any entity I…
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FTT Whitepaper
Below I present the unedited original FTT whitepaper. The google doc for this was removed, I’m reposting this as it may be of interest for those wanting to relaunch FTX: Of specific interest, FTT token as originally released was primarily backed by 1/3 FTX revenue. If FTX rising were to double that, they may be…
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A Look At FTX’s Balance Sheet – Estimating the Real Value of the Assets
Recently FTX’s balance sheet as of late Thursday night (pre bankruptcy news & pre hack) has been leaked & circulated by the Financial Times. I’ve seen a few journalists produce estimates on the recoverable value of the balance sheet and thought I would try my hands, with some experience in the crypto trading space. I…
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FTX – The Post Mortem – Part 2: The “Liquidity Crisis”
In my previous article, I shared my thoughts and early experiences & concerns with the FTX cryptocurrency derivatives exchange. In this post I’m going to take a look at the collapse of Alameda & FTX, show some theories and give my thoughts. The disaster started Monday night when FTX token (FTT) broke the $22 level…
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FTX – The Post Mortem Part 1 – The History of FTX
The beginning I have a long history with FTX, I was one of the first customers of the platform (I heard about a few days after launch and was immediately intrigued by the selection of coins, and USD collateral). This was also around the beginning of my Twitter account’s existence, at the time the CEO…