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Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: FTX.com bought out by Binance, published by Charles He on November 8, 2022 on The Effective Altruism Forum. See: This is probably related to liquidity issues / solvency issues. Sketch of timeline: A CoinDesk article comes out claiming that much of FTX and Alameda assets are just its own tokens ("TFF" or "SOL") and there is a circular relationship in assets between the two entities. Aggressive/hostile, but crisp analysis here: As a hostile action, another exchange / leader ("CZ") publicly announced it was liquidating FTT token. FTT falls by about 26% on Nov 7. There is probably further pressure on FTX, see HN discussion of FTX withdrawals: Thanks for listening. To help us out with The Nonlinear Library or to learn more, please visit nonlinear.org.