News for hackers. Stuff that matters.

A comment on FTX Was Registered with and Licensed by the CFTC, Which Failed to Regulate FTX. Parent comment

Re:FTX Was Registered with and Licensed by the CFTC, Which F... by manholio on Tuesday November 15, 2022 @07:33AM (#33608340)
I don't think that's entire believable anymore. This direct account from a Alameda employee linked in the other frontpage discussion alleges the Hong Kong office was busy at work trying to sell Alameda assets to cover ftx.us withdrawals (in addition to ftx.com). Why would ftx us need this support if they were fully segregated?

https://twitter.com/libevm/status/1592383746551910400

[ Parent | on HN ]
Re:FTX Was Registered with and Licensed by the CFTC, Which F... by pstrateman on Tuesday November 15, 2022 @07:42AM (#33608417)
ftx.us and FTX US Derivatives LLC (aka LedgerX) are different things.
[ Parent | on HN ]
Re:FTX Was Registered with and Licensed by the CFTC, Which F... by blitzar on Tuesday November 15, 2022 @09:04AM (#33609282)
Its as if the reality contradicts the intention of the clickbait headline.

The regulated company, couldnt share its funds with parent co, couldnt gamble them and is not going bankrupt.

[ Parent | on HN ]
Re:FTX Was Registered with and Licensed by the CFTC, Which F... by parmenidean on Tuesday November 15, 2022 @01:45PM (#33613214)
It's also not hard to find this information — the Chairman of the CFTC said this exact thing yesterday: https://www.coindesk.com/policy/2022/11/14/health-of-ftxs-us...
[ Parent | on HN ]
Re:FTX Was Registered with and Licensed by the CFTC, Which F... by adastra22 on Tuesday November 15, 2022 @02:13PM (#33613572)
FTX.us and Alameda have absolutely nothing whatsoever to do with LedgerX, except a (very recent) shared ownership structure.
[ Parent | on HN ]