On: FTX balance sheet, revealed

[password4321]

And if you had an "FTX" alert on HN/Twitter, you'd have seen:

Sunday 11/06

1 https://news.ycombinator.com/item?id=33494404 Due to “recent revelation” Binance is liquidating their FTX Token holdings (twitter.com/cz_binance)

> Context:

Friday 11/04

254 https://news.ycombinator.com/item?id=33464494 Crypto trading firm Alameda Research might be insolvent (dirtybubblemedia.substack.com)

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All in time for:

Tuesday 11/07 -> Monday 11/06 ("yesterday")

https://news.ycombinator.com/item?id=33518961#33520094

> I admit I did panic and tried to withdraw my funds yesterday. They just processed it today. A bit delayed but still processing.

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"Get Out" vibes for sure.

[oldgradstudent → password4321]

> "Get Out" vibes for sure.

At that point it was too late.

If a significant number of customers tried to withdraw a few days earlier, FTX would have collapsed a few days earlier.

The mistake was made when giving FTX the money.