Unusual Whales

Elon Musk reportedly demanded a payroll audit to confirm Twitter employees were 'real humans' before giving them regularly scheduled bonuses and laying them off

Since Musk took charge at Twitter, the company has slashed 3,700 jobs, which is roughly half of its workforce. The New York Times reported Friday that, during the process, Musk wanted confirmation that Twitter employees were "real humans" and ordered a payroll audit to confirm that was

Sam Bankman-Fried of FTX reportedly denies fleeing to Argentina, says he's still in the Bahamas

Per CNBC: Sam Bankman-Fried told Reuters he is still in the Bahamas, as rumors swirled overnight that the disgraced ex-CEO of the now-bankrupt crypto exchange FTX had run off to South America. FlightRadar24 tweeted early Saturday morning that the one-time crypto billionaire was flying from Nassau to Argentina. The account

Sam Bankman-Fried of FTX was looking to sell $472 million of Robinhood

Sam Bankman-Fried’s FTX Trading exchange held $900 million in liquid assets against $9 billion of liabilities the day before Friday’s bankruptcy filing, the Financial Times reported Saturday, citing investment materials the newspaper had seen. Most of the recorded assets are either illiquid venture capital investments or crypto tokens

FTX had a backdoor to transfer billions

As Sam Bankman-Fried’s FTX enters bankruptcy protection, Reuters reports that between $1 billion to $2 billion of customer funds have vanished from the failed crypto exchange. Both Reuters and The Wall Street Journal found that Bankman-Fried, now the ex-CEO of FTX, transferred $10 billion of customer funds from his

El Salvador is now down 60% on its bitcoin holdings, from $105 billion to $41 billion

Per Bloomberg: The country’s 2,381 Bitcoin are now worth $41.5 million at current prices, below the roughly $105 million the government paid to purchase them, based on calculations by Bloomberg using Tweets from President Nayib Bukele. Bitcoin rose on Thursday, paring Wednesday’s declines. The government doesn’

FTX Official & FTX US’s wallets appear to be hacked, with over $600 million leaving the exchange

Per CoinDesk: More than $600 million in crypto left bankrupt crypto company FTX’s wallets late Friday, with little clear explanation as to why. Soon afterwards, FTX stated in its official Telegram channel that it had been hacked, instructing users not to install any new upgrades and to delete all

FTX Crypto Wallets See Mysterious Late-Night Outflows Totalling More than $380M

Per CoinDesk: More than $380 million in crypto left bankrupt crypto company FTX’s wallets late Friday, with little clear explanation as to why. According to on-chain data, various Ethereum tokens, as well as Solana and Binance Smart Chain tokens have exited FTX’s official wallets and moved to decentralized

At least $1 billion of client funds missing at FTX

Per Reuters: At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The exchange's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research, the people

$2.04 Billion Powerball Winner Takes Home $628 Million After Taxes

The winning powerball ticket was sold at joe’s service center in altadena, california, entitling the ticket holder to a massive $2.04 billion jackpot. The winning numbers were 10, 33, 41, 47 and 56, with a powerball of 10. Winning the massive $2.04 billion powerball jackpot would be

The Miami Heat have terminated their business relationship with FTX

FTX Arena is no more. The Miami Heat announced on Friday night that it was ending its relationship with the cryptocurrency company after it went bankrupt this week. It is now searching for a new naming rights partner for the arena. > “The reports about FTX and its affiliates are

The Biden admin has ceased accepting applications for federal student loan forgiveness

The Biden administration has stopped accepting applications for federal student loan forgiveness after a court struck down its plan on Thursday evening. “Courts have issued orders blocking our student debt relief program,” according to a note on the forgiveness application page at Studentaid.gov. “As a result, at this time,

FTX just filed for chapter 11 bankruptcy in the US.

FTX Trading on Friday filed for Chapter 11 bankruptcy, capping a sudden and startling downfall for one of the world's largest cryptocurrency exchanges. Founder and CEO Sam Bankman-Fried also resigned from the company, which appointed John J. Ray III as its new chief executive. Bankman-Fried plans to stay

Binance chief Changpeng Zhao warns of ‘cascading’ crypto crisis

Per FT: The $1 trillion digital asset market faces a crisis akin to the 2008 financial crash, according to Binance chief Changpeng Zhao, who warned more companies might fail in the coming weeks following the troubles at FTX. Zhao, founder of the world’s biggest digital asset exchange, said the

FTX CEO Sam Bankman-Fried sold equity in the firm at a 50% discount to employees in the spring

FTX CEO Sam Bankman-Fried sold equity in the firm at a 50% discount to employees in the spring, a person familiar with the matter told The Block. In June, about 20 people were fired off across the organization due to performance, the person said. Separately, the head of institutional sales,

Tesla Scales Back Solar Division by Canceling Solar Projects

Per Electrek Tesla is shutting its solar operations in some markets. The company is canceling solar projects across the US. Elon Musk's Tesla achieved record US residential solar growth in Q2 2022, up 13% year-over-year, with 94 MW of solar power deployed. The company only started gaining momentum

FTX Founder Says FTX US is 100% Liquid Hours Before the Latter Announced a Trading Halt

Per CNBC FTX founder Sam Bankman-Friend said FTX US is 100% liquid. This was hours before the FTX US website said trading “may be halted.” The website advised the public to close positions they want to close and that withdrawals are still open. FTX is run from the Bahamas, but

32 US Billionaires Earned $59 Billion After Market Rally on Thursday—Highest One-Day Gain

Per CNBC 32 US billionaires earned a total of $59 billion after the recent market rally on Thursday. Here are the top 5 earners: * Jeff Bezos, Amazon founder, earned $10.5 billion * Elon Musk, Tesla CEO, earned $9.6 billion * Steve Ballmer, Microsoft former CEO, earned $5.9 billion * Larry

Apple Adds Record $190.9 Billion in Market Value

Per Bloomberg Apple added the highest market value ever recorded for a US-listed company. This beat Amazon.com Inc.'s previous record of $190.8 billion. After Thursday's 8.8% jump, the company's market capitalization reached $2.34 trillion. The stock is still down by

Biden has said 'we're not anywhere near a recession' right now

The latest inflation report from the Bureau of Labor Statistics found that inflation in the United States was running at 7.7% in October. This figure relates to price increases over the previous 12 months. The Consumer Price Index (CPI) report made pleasant reading for President Biden and represents a

The Ontario Teachers Pension Plan may have lost at least $95 million in FTX

The crisis at cryptocurrency exchange FTX is having ramifications far and wide. Now Canada’s third largest pension plan is revealing details about its exposure to the troubled company led by 30-year-old crypto billionaire Sam Bankman-Fried. On Thursday, the Ontario Teachers Pension Plan (OTPP) released a statement saying that in

Sam Bankman-Fried of FTX is being investigated by the US SEC for potential violations of securities rules

Sam Bankman-Fried is being investigated by the US Securities and Exchange Commission for potential violations of securities rules as the regulator deepens its probe into his crumbling FTX crypto empire, according to a person familiar with the matter. FTX, the American platform FTX US, and Bankman-Fried’s trading house Alameda

A federal judge in Texas has ruled that President Joe Biden’s plan to cancel hundreds of billions of dollars in student loan debt was unconstitutional

A federal judge in Texas on Thursday ruled that President Joe Biden's plan to cancel hundreds of billions of dollars in student loan debt was unlawful and must be vacated, delivering a victory to conservative opponents of the program. U.S. District Judge Mark Pittman, an appointee of

FTX tapped into client accounts to fund risky bets

FTX lent billions of dollars of customer assets to fund risky bets by sister company, Alameda Research, the Wall Street Journal reported citing person familiar with the matter said. FTX had $16 billion in customer assets, and FTX CEO Sam Bankman-Fried told investors that Alameda owes FTX about $10 billion.

FTX gave over half of its customer funds to Alameda research

Sam Bankman-Fried’s trading firm Alameda Research reportedly owes his crypto exchange FTX $10 billion after taking loans funded by deposits from FTX customers, according to The Wall Street Journal. As economist Frances Coppola pointed out to the Journal, exchanges like FTX shouldn’t be investing customers’ money. “It shouldn’

FTX seeking $9.4 billion for rescue

Sam Bankman-Fried is seeking to put together a rescue package of up to $9.4 billion for cryptocurrency exchange FTX, a person with direct knowledge of the matter said to Reuters. Bankman-Fried is discussing raising about $1 billion from crypto-token Tron founder Justin Sun, $1 billion from cryptocurrency exchange OKX,