ftx

According to Onchain Lens monitoring, a transaction signed by a BitGo custodial account has unstaked 204,044 SOL and transferred it to an FTX/Alameda associated wallet, valued at approximately 16.89 million USD.This operation only shows the unstaking of SOL and its transfer to the associated wallet; it cannot yet be confirmed whether it will be sold subsequently.

X platform U.S. stock trader 3X Long Labubu (@labubu_trader) posted that they bought shares of Anthropic at a valuation of $18 billion during the liquidation sale of FTX's bankruptcy, jokingly thanking "the greatest angel investor" SBF.Previously, according to FT reports, underwriters for Anthropic were preparing to raise the IPO price to above the $70-$78 range, potentially increasing the valuation to over $1.5 trillion. Based on this calculation, the valuation would rise approximately 83 times from the $18 billion purchase valuation.Public information shows that 3X Long Labubu is an AI engineer in Silicon Valley, engaged in AI reasoning and training-related work, and trades AI and semiconductor U.S. stocks as a hobby, with about 77,000 followers on X. SBF's FTX and Alameda invested approximately $500 million in Anthropic in 2021, and after FTX's bankruptcy, its estate management sold this portion of shares in batches in 2024.

Anthropic has publicly submitted and updated its prospectus (S-1/A) to the U.S. Securities and Exchange Commission, planning to go public on Nasdaq under the stock ticker ANT, with Goldman Sachs and Morgan Stanley serving as lead underwriters. The latest amendment submitted on November 10 reveals an offering price range of $70 to $78 per share, with approximately 825 million shares of Class A common stock being offered, of which the company will issue about 801.35 million shares, existing shareholders will sell about 23.65 million shares, and underwriters will have an additional overallotment option of about 123.75 million shares. The company will also allocate approximately $26 billion of non-voting Class N shares to strategic investors such as Google, Nvidia, AMD, Broadcom, Micron, Microsoft, and TSMC, priced in line with the IPO price.The market expects pricing around November 18, with trading potentially starting on November 19. Based on approximately 1.309 billion shares post-offering, this corresponds to a valuation of about $917 billion to $1.02 trillion; accounting for options, restricted stock, and other fully diluted factors, the high-end valuation could reach about $1.4 trillion. Previously, the market anticipated a fundraising scale of about $100 billion, with a maximum valuation reaching $2 trillion, but the latest terms have narrowed.FTX-affiliated Alameda Research acquired approximately 7.84% of Anthropic for about $500 million between 2021 and 2022, corresponding to about 44.54 million shares of Series B. After FTX filed for bankruptcy protection in November 2022, the bankruptcy estate sold about 29.5 million shares in March 2024 for a total transaction amount of about $884 million, and in June sold another approximately 15 million shares, recovering about $452 million, totaling about $1.34 billion. According to the latest prospectus's fully diluted share count, the original ownership percentage has decreased to about 2.5%, corresponding to a theoretical value of about $3.11 billion to $3.47 billion based on the IPO price range.

The on-chain data analysis platform CryptoQuant stated that the contraction rate of USDT supply has exceeded the level after the FTX collapse. In the past 60 days, the market value of USDT has shrunk by 6.6 billion dollars, more than double the decline during the same period in December 2022.CryptoQuant also pointed out that in this round of the cryptocurrency market cycle, the growth of stablecoin scale has been an important source of funds driving the market upward, and now this liquidity support is gradually weakening.

Liquid Capital founder Yi Lihua stated that, based on the current situation, Binance's profits are sufficient to cover the losses from the recent theft, and there are no issues with asset security or liquidity, which is completely different from the FTX incident of the past. He believes that the core issue now is how trading platforms, including Binance, can prevent secondary theft.Market concerns are not just about the incident itself, but whether, in the AI era, the hacking capabilities have become unbalanced with the defense capabilities of trading platforms, and whether attackers have left other security vulnerabilities within the platform. He believes that trading platforms like Binance should provide users with detailed and reassuring security response plans.

According to CryptoQuant analyst Axel Adler Jr., the price of Bitcoin is testing the cost basis of short-term holders (STH), with the accompanying image indicating that this level is around $75,900.He believes that the market's reaction to the Binance hacking incident has been relatively restrained; compared to the market reaction during the FTX collapse, Bitcoin is currently showing greater resilience.

Dragonfly Managing Partner Haseeb Qureshi stated that after Binance experienced a hacker attack exceeding $6 billion, the market reaction was completely different from the FTX collapse back in the day.Although the scale of funds involved in this incident is only about 25% lower than the funding gap left by FTX, the overall decline in Bitcoin and the cryptocurrency market was only a few percentage points, and market sentiment remained relatively calm, with bottom-fishing funds gradually entering the market; even with macro market pressures, capital outflows were relatively mild, and the directly affected tokens also showed some resilience.Haseeb believes that the market has strong confidence in Binance as a company, and with various industry parties quickly collaborating and providing mutual support, there is a general expectation that Binance will be able to repurchase related assets and make up for the losses. He stated that this incident reflects the maturity and progress of the cryptocurrency industry.

Regarding Binance founder CZ's statement that Binance has sufficient funds to cover the losses caused by this security incident, community users commented that before FTX's collapse, SBF also assured that the platform had enough funds. Subsequently, Musk replied to a user's comment with a "😬" emoji.This emoji typically expresses embarrassment, unease, or discomfort with a certain situation. Compared to the "laughing and crying" emoji, it carries more negative emotions and subtle skepticism. This interaction has attracted market attention, with some users speculating that Musk may hold a negative view of Binance or CZ. Musk has not provided further clarification on this, and it remains unclear what specific target his comment was directed at.

According to BeInCrypto, the U.S. government sold 4.45 million shares of Anthropic, cashing in $627 million to repay FTX creditors.According to Anthropic's S-1 filing, these shares were resold to 9 buyers. Based on the valuation before Anthropic is set to go public on Nasdaq under the ticker ANT, this batch of shares is currently valued at approximately $3.94 billion.

The artificial intelligence company Anthropic plans to go public as early as mid-November, with market discussions giving it an IPO valuation of about $1.5 trillion, approximately 55% higher than the $965 billion valuation from financing in May this year. Based on this potential valuation, Spark Capital invested $75 million in 2023, with a stake now valued at around $10.9 billion, having a valuation of about $5 billion that year and securing a board seat, making it the only known venture capital firm with a board seat. After an initial investment of $35 million, Sound Ventures added $400 million, co-founded by Guy Oseary and Ashton Kutcher, entering the market in 2023, with a stake valued at several billion dollars. Menlo Ventures has invested over $1 billion in total, with a stake valued at about $21.8 billion, including a $500 million Series D round, entering the market for the first time in May 2023.Iconiq entered the market in 2025, investing over $6 billion in total, with a stake potentially valued at around $26.4 billion, with the valuation reaching $183 billion at the time of its first investment. Sequoia Capital began investing this year, with a total of about $3 billion, holding approximately 1% of the shares, valued at about $15 billion, having previously invested in OpenAI and xAI. The Singapore sovereign wealth fund GIC made its first investment in 2025, accumulating over $4.5 billion, holding about 1% of the shares, valued at around $15 billion. Former Google CEO Eric Schmidt invested tens of millions of dollars in 2021, holding about 1% of the shares, valued at around $15 billion.FTX invested $500 million in 2021, initially holding 13.56% of the shares, which diluted to 7.84% in 2024. After bankruptcy liquidation, it sold all its shares, recovering about $1.3 billion, with actual earnings around $800 million. Based on the undiluted 7.84% and the $1.5 trillion valuation, the theoretical value is about $117.6 billion, approximately $116.3 billion higher than the actual selling price, with calculations not accounting for subsequent financing dilution. In 2024, FTX sold all its Anthropic shares in batches, with the first batch involving about $884 million in transactions with 24 buyers. The Abu Dhabi sovereign wealth fund Mubadala's affiliate ATIC bought about $500 million, Jane Street purchased $100 million, and a Fidelity fund bought $45 million. Lightspeed holds less than 2%, and Google, Amazon, NVIDIA, Microsoft, as well as Founders Fund, Coatue, Altimeter, and others have also invested, but public holding data is not complete enough to accurately calculate returns for each.

The complete trailer for Netflix's upcoming FTX-themed series "The Altruists" was released this week, and former FTX Chief Operating Officer Constance Wang criticized the trailer in a post on X, stating that watching it made her "physically want to vomit." She mentioned that she had served as COO since before FTX was named and viewed the company as her child. She was also the last person to leave the Bahamas after Sam Bankman-Fried was extradited and lost all her assets in FTX, thus she has no intention of defending those responsible for all of this.Wang pointed out that the media is eager to tell the story of FTX's collapse due to the team's partying in the Bahamas, but her workplace was completely different. The core team of the company had fewer than 200 people at its peak, while other exchanges of similar size had thousands of employees, many of whom worked 16 to 18 hours a day for over three years with almost no time to sleep. She also questioned the portrayal of Caroline Ellison in the trailer, stating that she had worked with Caroline and had never seen her as aggressive as depicted in the trailer; she described her as quiet and gentle, often lost in her own thoughts. Most of the team only learned about Caroline's relationship with Sam through reports after the bankruptcy."The Altruists" consists of eight episodes and will premiere on Netflix on November 19, featuring Anthony Boyle as Sam Bankman-Fried and Julia Garner as Caroline Ellison. FTX collapsed in November 2022 due to a liquidity crisis, exposing its close financial ties with Alameda Research and issues of customer fund misappropriation. Bankman-Fried was convicted of seven counts of fraud and conspiracy in November 2023 and sentenced to 25 years in prison; Ellison pleaded guilty and cooperated with prosecutors, receiving a two-year prison sentence in September 2024.

The founder of FTX, Sam Bankman-Fried (SBF), has submitted a petition to the U.S. Supreme Court, requesting to overturn his fraud conviction and revoke the $11 billion forfeiture order. According to CNN, the petition was filed on September 10 local time, led by Alexandra A.E. Shapiro from the law firm Shapiro, Arato, Bach. SBF is currently serving a 25-year prison sentence.The petition raises two core legal issues: first, when can the trial court admit evidence showing whether victims suffered losses, in cases where the prosecution uses a "fraudulent inducement" theory, meaning that it is irrelevant whether the victims suffered economic losses; second, does the Eighth Amendment of the U.S. Constitution allow for forfeiture or other criminal fines that destroy the defendant's future livelihood prospects? The defense argues that the trial court allowed the prosecution to imply that clients suffered massive losses while prohibiting the defense from presenting evidence that clients have been compensated, which constitutes an error.The defense claims that although FTX and Alameda faced liquidity issues at one point, they always held sufficient assets to ultimately pay back investors and clients, and clients have now been repaid with both principal and interest. In 2023, SBF was convicted of multiple counts of fraud and money laundering, and in 2024, he was sentenced to 25 years in prison and ordered to forfeit $11 billion. In June of this year, a panel of the U.S. Second Circuit Court of Appeals upheld the original ruling. The Supreme Court is expected to decide later this year whether to hear the case.

Bitcoin News posted on the X platform stating that Bloomberg ETF analyst @JSeyff disclosed that despite BlackRock executives preparing to launch a Bitcoin ETF, Larry Fink has remained skeptical about Bitcoin.Due to internal board discussions and events such as the FTX collapse, the project has reportedly been on the verge of being halted multiple times. Currently, BlackRock operates the world's largest spot Bitcoin ETF.

Former FTX Chief Operating Officer Constance Wang posted on X on Friday that many people have messaged her to discuss the full trailer of the FTX-themed series "The Altruists" released by Netflix this week, and after watching it, she felt "physically sick."Wang served as FTX's Chief Operating Officer since early 2019 and was co-CEO in the last few months before the exchange's collapse until the crash in November 2022. She stated that the companies depicted in the trailer bear little resemblance to her work experience, mentioning that she was one of the last people to leave the Bahamas after Sam Bankman-Fried was extradited, losing everything in the process and taking a long time to recover, with no intention of defending those responsible for the situation.She also noted that the media enjoys the narrative of "FTX blowing up because everyone was partying in the Bahamas," but her workplace was nothing like that. The series is an eight-episode limited series, set to premiere on Netflix on November 19, and the approximately two-minute trailer has sparked criticism of the portrayals of former FTX CEO Sam Bankman-Fried and former Alameda Research CEO Caroline Ellison.

The Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Mike Selig, stated that the proposed regulatory framework for crypto assets by the CFTC will establish a federal-level regulatory system to protect exchange customers from risks such as fraud, market manipulation, and theft of customer funds, preventing a repeat of the FTX collapse.Mike Selig pointed out that the CFTC is working to introduce a market-based regulatory mechanism for crypto exchanges; he stated that critics opposing relevant measures and supporting the status quo may objectively benefit fraudsters, manipulators, and those misappropriating customer funds, and warned that the lack of appropriate regulation could leave opportunities for the next figure similar to Sam Bankman-Fried.

Arthur Hayes stated that at the beginning of each super bull market, the market must overcome numerous concerns. In 2017, it was the block size debate; in 2020, it was the pandemic; in 2023, it was the FTX collapse and central bank interest rate hikes; in 2026, it will be the panic caused by AI encryption technology (FUD).The wave of money printing will eventually come, and asset prices will soar.

Netflix released a trailer for an eight-episode series that tells the story of the collapse of the cryptocurrency exchange FTX, focusing on former CEO Sam Bankman-Fried and his colleague and girlfriend, Caroline Ellison, head of FTX's sister company Alameda Research. The series will premiere on November 19, with Anthony Boyle portraying Bankman-Fried and Julia Garner portraying Ellison.The trailer emphasizes that "going all in on math is the optimal strategy," seemingly pointing to FTX's use of user funds for high-risk investments. Ellison, played by Garner, says in the trailer, "Lying isn't bad for a good cause," echoing Ellison's testimony during the 2023 trial, where she stated that Bankman-Fried believed the rules against lying and stealing did not necessarily apply to effective altruism, a philosophy that advocates doing good whenever possible, including through accumulating wealth to donate to charitable causes.After the collapse and bankruptcy of FTX, Bankman-Fried, Ellison, and related individuals were indicted in December 2022. Ellison pleaded guilty and cooperated with prosecutors to testify, while Bankman-Fried chose to stand trial, was convicted on seven counts of fraud, and sentenced to 25 years in prison. As of October, he remains incarcerated in federal prison and has requested a pardon from President Trump and for the Supreme Court to overturn his conviction; Ellison was released in January.