Mario Nawfal

🚨 WSJ now reporting that FTX used customer funds to play risky bets... and how billions were lent to Alameda. t.co/MZDmfUGZRR

🚨Breaking:🚨 Miami-Dade County, Florida, will explore 'all legal remedies' if FTX can't pay arena deal. - The Information

We have a few exchanges joining the space in an hour (trying to get @SBF_FTX as well) What should I ask them?

🚨FTX Japan is ordered by regulators to suspend operations and stop accepting new customers following withdrawal halt. - CoinDesk

For $8, you can either get verified or own FTX, Alameda, 3AC and Celsius Go for the blue tick 🫡

🚨Tether has begun freezing FTX's USDT at the request of law enforcement while investigations are ongoing. - Tether executive statement

In good times you make money. In hard times you acquire assets. As simple as that. Yet, most people are doing this the other way around.

🚨 US CPI data shows inflation increased less than expected in October. Month-over-month was 0.4% (expected to be 0.6%), while annual CPI was 7.7% (instead of the expected 7.9%. - Reuters

🚨Breaking:🚨 US SEC Chair Gary Gensler says protections are needed for crypto investors; runway is getting shorter and crypto companies have been warned. He says crypto companies need to work with the SEC. - interview on CNBC

🚨SBF out with a staff memo this morning addressing the raise and stating that he now believes Binance never intended to go through with the deal. - Reuters t.co/nXYN8JxGmL

Crypto peeps want decentralization Crypto peeps wanted Elon to take over Twitter Twitter went from partially decentralized (public company with a board and shareholders) to fully centralized (private company owned by Elon) Ironic...

Some thoughts: 1. CZ should have walked out of the deal without saying FTX is "beyond our control or ability to help", which only made things worse 2. I'be very surprised if no bailout of FTX takes place. We're talking about $8bn, not $80bn or $800bn. 3. 👇🧵

CZ’s attack on FTX was further made possible thanks to the current bear market. After months of large firms becoming insolvent, crypto participants are mentally exhausted. Therefore, it takes so little to stoke a flame. Which means the bottom may be finally setting in.

What other exchanges worry you atm?

CZ was mad that FTX was talking to regulators behind his back and trying to kill (invite over-regulation) DeFi and yet, his latest move could invite all the wrath by the regulators. Hmmmmm...

Why are sone crypto peeps still talking about the stupid $8 blue checkmark while crypto is capitulating???

SOL and MATIC are starting to look VERY interesting... Fundamentals unchanged, prices dumping Hmmmm... I promised myself to not enter the market for a few days, but daymmmmm prices are attractive! Long term, am I missing something?

Did everyone suddenly forgot that Google announced they are a Solana validator this week!?!

Could another entity bailout FTX? Otherwise, why is $FTT not dead yet?

Solana could hit $3-$4 if it breaks the $8 support, based on the unlocks or about 50m Solana in a few hours - @kantormusic

It's cute when founders pitch us their projects on days like this... Like, yes we're still investing and are interested, but give us a day to mourn! 😅

🚨US probes FTX empires over handling of client funds and lending. - Bloomberg

🚨Breaking:🚨 Binance is strongly leaning toward scrapping FTX rescue takeover after first glance at books. - CoinDesk

“The time to buy is when there’s blood in the streets.” - Baron Rothschild This is what blood looks like...

FYI, I made a few tweets earlier during the show reporting issues either from our team or speakers on stage facing withdrawal issues It seems most of these issues have been resolved Things change by the minute, so don't freak out when you read a tweet over 30 mins ago 😂

Bloomberg wealth index: Alameda & FTX value is predicted at $1 - Bloomberg Wasn't hard to reach this conclusion during the show earlier as we looked at the numbers FTX's Sam Bankman-Fried is officially no longer a billionaire. Yesterday he was worth $14.6bn Welcome to crypto😘

Regulators could stop Binance's acquisition of FTX, & imo, rightly so The long term impact of a monopolistic player like Binance triggers senses of web2 centralization all over again We need another player to acquire FTX to keep the ecosystem competitive P.S. CZ's a fkn genius

@OfficialSirGuy is able to withdraw from Kucoin (Below $100k)

"Binance has the same flywheel effect as FTX. They have a MASSIV balance sheet. The question is how much of that is in stables/BTC and how much in BNB" - @SimonDixonTwitt