U.S. Representative Alexandria Ocasio-Cortez Breaks Down the FTX Timeline

This Twitter thread is by Alexandria Ocasio-Cortez @AOC (source: 12-13-2022). Ocasio-Cortez is a U.S. representative.

Breakdown of FTX timeline:

1. Nov 9th: SBF emails the Bahamian AG with an offer to unfreeze FTX withdrawals in the Bahamas

   
   

2. On Nov 10, Bahamian gov puts FTX in foreign provisional liquidation. This was the day before FTX was supposed to file bankruptcy in the US.

   
   

Then…

3. SBF then makes good on his offer and unfreezes FTX withdrawals just for Bahamas for a 25.5 hour window.

   
   

4. Same day, $100 million is withdrawn from FTX by 1500 unknown people in the Bahamas.

   
   

5. Nov 16th: Bahamian-appointed liquidator goes to US bankruptcy court and argues…

…their FTX proceedings should be the main one, over FTX’s US bankruptcy filing. (Big red flag 🚩)

6. Yesterday: this explosive information is exposed yesterday when FTX filed a court declaration outlining these emails, withdrawals, & dates w/ US bankruptcy court - around 3-4pm.

   
   

7. When FTX files this declaration, opposing counsel is informed. This opens a window where anyone involved in wrongdoing could be tipped off.

   
   

8. Around 6-7pm, Bahamian officials take SBF into custody w/ a statement that cites SDNY filing for extradition, but fails to say when

There are more key dates and developments in this timeline raised in my questioning and that of others as well - such as @RepDean’s questions regarding minting on Nov 12th.

(Also, I sincerely apologize for mispronouncing Bahamian 🇧🇸 during my questioning. Won’t happen again. I’d also like to clarify that @CoinDesk *published* the leaked balance sheets on Nov 2nd.)

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