Evening News | Gate.io responds to concerns about having only $479 million left in its wallet and being hacked; SBF states that he is currently staying sober through video games

整理：饼干，ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. Gate.io Responds to Doubts About Ethereum Wallet Assets of Only $479 Million and 2018 Hacking Incident

On social media, on-chain analyst Lookonchain stated that on-chain detective ZachXBT revealed that the crypto exchange Gate.io was hacked by North Korean hackers on April 21, 2018, losing $230 million, which has not been disclosed to customers. On-chain data shows that the first transaction of Gate.io's hot wallet also occurred on April 21, 2018, indicating that Gate.io concealed the fact that funds were stolen.

Additionally, Lookonchain stated that by analyzing four wallets on Ethereum belonging to Gate.io, it found that Gate.io only has $479 million in assets. Gate.io holds 71.3651 million GT and 3,139,008,926,439 SHIB, which together account for 61% of total assets. Gate.io only holds 53,930 ETH and 31.98 million USDT, which together account for only 21% of total assets.

Subsequently, Gate.io issued a statement in response: the rumor that Gate.io only has 53,930 ETH is false information. For example, one of the addresses held by Gate.io, 0xC882b111A75C0c657fC507C04FbFcD2cC984F071, stores 140,000 ETH, plus $200 million in tokens, bringing the total audited ETH to 269,035 ETH. Regarding the hacking news, Gate.io stated that according to investigations by relevant U.S. authorities, several well-known platforms were hacked in 2018, but Gate.io users did not suffer any losses in this attack. (Source link)

2. SBF: Alameda's Margin Positions on FTX Amount to Billions, Currently Staying Sober Through Video Games

In an interview with The New York Times on Sunday, SBF expressed deep regret over the company's collapse, stating that he was "surprisingly calm." SBF told The New York Times: "You might think I can't sleep right now, but I actually slept a bit. But it could be worse." Additionally, Alameda has accumulated a large margin position on FTX, which essentially means it borrowed funds from the exchange, and he described the scale as being in the billions but refused to provide further details.

SBF mentioned in the interview that he is no longer in a romantic relationship with Alameda Research head Caroline Ellison. The New York Times reported that SBF refused to discuss the possibility of going to jail but has been passing the time by playing the video game Storybook Brawl, stating, "It keeps me clear-headed." Regarding the mysterious tweets from the past few days, SBF explained, "I don't know" and "I'm just improvising." (The New York Times)

3. FTX Appoints Five Independent Directors, In Contact with U.S. Prosecutor's Office and Other Regulatory Agencies

According to new bankruptcy court documents cited by Bloomberg, FTX has appointed five new independent directors, including former U.S. District Judge Joseph J. Farnan Jr., who will serve as the chief independent director overseeing FTX Trading. The other four include Matthew A. Doheny from FTX Trading, Mitchell I. Sonkin from West Realm Shires, Matthew R. Rosenberg from Alameda Research, and Rishi Jain from Clifton Bay Investments.

Additionally, FTX stated that it is in talks with the U.S. Attorney's Office and dozens of U.S. and international regulatory agencies, and has been in contact with authorities including the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over the past three days. (Bloomberg)

4. FTX Former COO: Unaware of Any Transfer of Customer Funds, Personal Assets All on FTX

In response to various rumors posted by Twitter KOL Autism Capital regarding former employees including FTX's former COO Constance, FTX's former COO Constance issued a response and clarification, stating:

Seeing our former employees spreading untrue rumors about me personally on Twitter ultimately makes me feel very sad and upset. I have nothing to do with this incident, and I was completely unaware until last Tuesday. All I did was try to help afterward; I didn't want to give up on the company I had worked for over the past three years, so I really tried to save it.

I want to clarify that:

1/ I am unaware of any transfer of customer funds and do not understand Alameda's trading and its arrangements with FTX.

2/ I was responsible for BD, growth, and marketing until the last moment, and my team and I were defending FTX with our reputations. We feel very disappointed to see such things happen.

3/ I have no personal relationship with Sam. Over the past three years, I have worked very hard to build the company and the team, and I do not believe this failure was due to our exchange business not being well managed.

4/ Conch Shack is company property, not a gift to me; I live in Conch Shack with other employees.

5/ Like many of you, all my assets are on FTX, and now they are gone; I have no assets on other exchanges.

6/ I am very sad, and I have also been hurt by the false words shared by employees. I will pause posting new job recruitment posts until I fully recover, but I will still send my resume when others DM me. (Source link)

5. Nansen Releases Huobi Portfolio, Currently Holding $3.31 Billion in Assets

Blockchain analytics platform Nansen tweeted that it has published Huobi's portfolio on its official website, stating that Huobi currently holds $3.31 billion in assets, with HT accounting for 29.35%, USDT for 23.08%, BTC for 14.94%, TRX for 14.65%, ETH for 5.10%, and other tokens for 12.88%. (Source link)

6. Solana Foundation Reveals Its FTX Account Holdings: Still Holds About 3.43 Million FTT and 134.54 Million SRM and Other Assets

The Solana Foundation officially disclosed information related to FTX, stating that as of November 14, 2022, its assets in the FTX.com account include (as of November 6 when FTX.com stopped processing withdrawals): approximately 3.24 million shares of FTX Trading LTD common stock, approximately 3.43 million FTT tokens, and approximately 134.54 million SRM tokens.

Additionally, as of November 10, 2022, due to the impact of the Sollet custody bridge, the total exposure value of Solana's circulating assets based on Sollet is approximately $40 million, and the status of the underlying assets is currently unknown.

Previously, ChainCatcher reported that according to an announcement on the Sollet interface, soBTC issued by FTX or Alameda on Solana is currently non-redeemable, and the trading price has plummeted. The token assets packaged on the Solana chain are all held by FTX/Alameda Research. (Source link)

7. Multicoin Capital's Venture Fund III Has Exposure of Over $25 Million to FTX

Crypto venture capital firm Multicoin Capital's third venture fund, totaling $430 million, disclosed its equity of over $25 million in FTX US, which accounts for 5.8% of the fund.

Multicoin announced the $430 million fund in July, with founders Kyle Samani and Tushar Jain, along with other unnamed institutional backers, being the largest LPs in the fund. In addition to the $25 million investment in FTX US, the venture fund also holds about $2 million in FTX International. (Source link)

8. Nike Launches Web3 Ecosystem Platform Dot Swoosh

Nike announced the launch of its Web3 ecosystem platform Dot Swoosh, with the domain Swoosh.nike. The project is part of Nike's virtual studio, led by Ron Faris, the former head of the Nike Snkrs app.

Ron Faris stated that Dot Swoosh will become the hub for Nike's virtual creativity and will officially launch this Friday. The platform will serve as a place for people to buy, showcase, and trade virtual assets, unlocking access to events and products. Nike does not view virtual products as the end of the purchasing journey, but merely the beginning. Nike is looking at the development of sports and is also seeking new ways to reshape community, creativity, and loyalty. (Source link)

"What Great Articles Are Worth Reading in the Last 24 Hours"

1. “SBF's First Interview After the Collapse of the FTX Crypto Empire”

In less than a week, cryptocurrency billionaire Sam Bankman-Fried went from industry leader to industry villain, losing most of his wealth and watching his $32 billion company go bankrupt. This article is an interview with SBF conducted by The New York Times shortly after midnight on Sunday, where SBF also sounds surprisingly calm: "You might think I can't sleep right now, but I actually slept a bit; otherwise, it could be worse."

2. “BAYC Floor Price Drops Below 50E, Will the Spiral Decline Trigger Another BendDAO Liquidation Storm?”

The impact of the FTX crisis has spread from major exchanges to the NFT market. According to OpenSea data, the floor price of the blue-chip NFT series BAYC has dropped below 50 ETH. Comparing the current situation to August, the liquidation of BAYC in August by BendDAO went without bids, leading to a run on the reserve pool. The status of the reserve funds after this liquidation will also test its newly modified liquidation mechanism and the "peer-to-pool" lending model.

3. “How Will the Collapse of Alameda Research Affect Liquidity in the Crypto Market?”

Various strange tales about FTX are emerging. Last Friday, FTX, FTX US, and 134 related entities filed for bankruptcy, indicating that the exchange and related companies are deeply mired in trouble. Just hours later, the exchange suffered a massive hacking attack, with over $600 million siphoned from FTX and FTX US wallets, immediately sparking rumors of insider involvement. This article will focus on the impact of Alameda's market-making business on cryptocurrencies and what their collapse means for liquidity.