FTX has said its holdings are worth $3.4 billion.
FTX revealed earlier this week that it holds $1.16 billion of solana (SOL) – approximately 16% of the token’s outstanding supply – and about $560 million in bitcoin (BTC). The rest of its holdings consist of lesser known illiquid tokens.
Good luck out there, folks!
Musk drew on the money last October and paid it back, with interest, in November, according to The Wall Street Journal. It’s not clear why he borrowed the money. It’s an awful lot! SpaceX had $4.7 billion in cash and securities on hand at the end of last year, WSJ reports.
[The Wall Street Journal]
In this entertaining excerpt from Zeke Faux’s forthcoming book, we get a glimpse of the crypto Bahamas conference before Sam Bankman-Fried’s fall. Pretty fun stuff! Seems like Michael Lewis was all-in on SBF, among other nuggets here.
[Intelligencer]
Apparently a bunch of Taylors are being badly moderated by Instagram:
“This afternoon, hundreds of people named Taylor (myself included) had their Instagram accounts disabled for a violation of community guidelines- simply because our profiles had our names listed,” one affected Taylor, Taylor Camp, told Bloomberg via email. Even some accounts that added the phrase “Taylor’s version” to their Instagram handle — a reference to her re-recorded tracks — had their accounts restricted.
Instagram confirmed it had disabled some accounts “in error.”
