BlockBeats News, November 16, according to The Block, David Boies, a leading Wall Street litigator and founder of US law firm Boies Schiller Flexner, is talking to clients about bringing class actions against celebrities who promote FTX. It was not immediately clear which FTX promoters might be targeted in potential class actions. Among the platform's notable promoters are Tampa Bay Buccaneers quarterback Tom Brady and Golden State Warriors point guard Stephen Curry, both of whom have had equity deals with the platform. Other celebrities associated with FTX include basketball star Shaquille O 'Neal, TV star Larry David, "Shark Tank" host and businessman Kevin O 'Leary, among others.

BlockBeats news: On November 16th, SBF posted on the social media platform that, according to its information, after November 7th (there may be mistakes) : Alameda's assets exceed liabilities M2M (but not liquid assets); Alameda has a margin position in FTX Intl; FTX US assets are sufficient to cover the repayment of all users. But not everyone necessarily agrees. The only goal is to make our users happy, and we're doing everything we can to do that. Will personally meet with the regulators and work with the team to do the best they can for their customers, then investors, but customers first. Continue to clean up and focus on asset transparency to minimize user impact.

BlockBeats: On November 16th, Decrypt reported that Circle said in a new regulatory filing, The FTX crash and USDC's automatic conversion on the Binance platform will result in Circle's results being "substantially below" the guidance it gave in February. Circle disclosed in regulatory filings that the "tiny" FTX stake that Jeremy Allaire, Circle's chief executive, referred to in a tweet last week was the company's $10.6m investment in FTX Group. Circle wrote in its amended S-4 filing that the company will recognize the impairment of its FTX investment in the reporting period where there are indications of impairment, that it has suspended services and transactions with FTX Group and is evaluating the impact on the future provision of services to FTX Group and the possible indirect financial impact of FTX Group's bankruptcy. The publication said Circle had previously not disclosed specific FTX exposures because it tended not to disclose how much it had invested in other projects. A spokesman for Circle said that while Allaire was aware of the amount of money Circle had invested in FTX, he did not want to reveal the figure in his tweet last week, in which he spoke about Circle's relationship with FTX.

BlockBeats: On November 16, DeFi prime broker-agreement Oxygen posted that it was shocked by the bankruptcy of FTX. While FTX does not hold any equity, it does hold a significant portion of MAPS/OXY Tokens, FTX, which is also the custodian of more than 95% of the tokens in its ecosystem, has sought legal help. As previously reported by BlockBeats, on February 24, 2021, Oxygen completed a $40 million funding round with Alameda leading, Multicoin Capital, Genesis, CMS and others.

BlockBeats news: on November 15, according to the Financial Times, FTX is seeking up to $10 billion in emergency funding, and has sent a "quasi-term sheet" to potential investors, which offers two schemes, one is "traditional investment", the other is "traditional investment". By investment method (" Equity and conversion, etc. ") and size (greater than or less than $2.5 billion); The other is the so-called "all-together set (AT)", which is similar to a crowdfunding campaign with a minimum target and involves launching an "at" if investors put more than $6bn into the FTX in total, but cannot specify the terms of any investment.

BlockBeats News, November 15, The Block reported that a Github account that appears to be FTX cofounder and CTO Gary Wang started circulating on Twitter, and that the account contributed code to the private Github repository throughout the week, Even though FTX has gone into bankruptcy. Because the repository is private, the purpose of the code changes cannot be determined. According to the analysis, contributions to Solana Serme's wallet repository could confirm that the Github account belongs to Gary Wang.

BlockBeats news, on November 15th, according to the detection data of Paidong, FTX attack hackers, whose on-chain address is tagged as FTX Drainer, traded 7,420 BNBS ($2.07 million) for 1,500 ETH ($1.9 million) on BSC and brided into the Ethereum network.

According to BlockBeats, on Nov. 15, according to a court filing, FTX's new chief executive, veteran bankruptcy regulator John J. Ray III, is working with legal, cybersecurity and legal advisers on the company's numerous subsidiaries and their respective bankruptcy proceedings, and is cooperating with dozens of regulatory investigations around the world. In addition, FTX said in the filing that it could have more than 1m potential creditors.

BlockBeats: On November 15th, FTX's former COO Constance responded to and clarified various rumors about former employees of crypto KOL Autism Capital, including former COO Constance of FTX. It said: It was ultimately sad and upsetting to see our former employee spread untrue rumors about me on Twitter. I had nothing to do with this incident and I had no knowledge of it before last Tuesday. All I did was try to help afterwards, and I didn't want to give up the company that I had worked for for the last three years, so I really tried to save it. I would like to clarify: 1/ I have no knowledge of any transfer of client funds or of Alameda's transactions or its arrangements with FTX. 2/ I was responsible for BD, growth and marketing, and my team and I put our reputation on the line to defend FTX until the last minute, and it is very disappointing to see this happen. 3/ I do not have any personal relationship with Sam. I have worked very hard to build the company and the team over the past three years. I do not believe that this failure was due to the failure of our exchange business. 4/Conch Shack is company property, not gifted to me, and I live in Conch Shack with other employees. 5/ Like many of you, all of my assets were on FTX and now they are gone, I have no assets on any other exchange. 6/ I am heartbroken and personally hurt by the misinformation being shared by employees. I will put new job postings on hold until I am fully recovered, but I will send my resume when others DM me.

BlockBeats: On November 14, The Wall Street Journal revealed that FTX's offshore status could shield the company from U.S. law. FTX's bankruptcy is being investigated by the U.S. Attorney's office in Manhattan, but one challenge for prosecutors is whether they have jurisdiction over the Bahamia-based company. Lawyers warn that U.S. law enforcement agencies may not have strong jurisdictional claims if all of the actions took place overseas and there is no direct connection to the United States. However, SBF has travelled to the US, including meeting US lawmakers and regulators, and FTX US is part of FTX's bankruptcy filing on Friday. So far, a spokesman for the U.S. Attorney's office in Manhattan declined to comment, while an FTX spokesman and FTX US general counsel Ryne Miller did not respond to requests for comment.