FTX deep data review
Nov 2022, Sabrina
Data Source:Footprint Anlytics Dashboards
On Nov. 2, Coindesk released private financial documents from Alameda, a venture capital and trading firm owned by FTX founder Sam Bankman-Fried and closely tied to the exchange, which sparked the biggest crash in cryptocurrency history .
In the ensuing week, 140 million FTT flowed to Binance, and the token dropped from $26 to under $2. This sparked a run on FTX, the so-called"hacker"secondary title
Event key node review
Nov. 2: Coindesk releases Alameda's private financial documents.
November 6: Binance founder CZ announced that Binance will dump all FTT coins on its books in the next few months. Alameda CEO Caroline Ellison offered to buy all of Binance's FTT holdings for $22.
Nov 6: FTT experiences its first major drop (down 10%), returning to $24 after Caroline Ellison's quote.
November 8: FTX International suspends withdrawals.
November 8: FTT plummets to $5.
November 8: Binance announces that it may be interested in acquiring FTX.
November 11: The acquisition is terminated.
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Footprint Analytics - FTT Token Price (5 Minutes Frequency)
The impact of the FTX crash on the entire cryptosphere
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Footprint Analytics - BNB Token Price (5 Minutes Frequency)
The role that data on the chain can play in this incident
Before the FTX crash was imminent, there were serious warning signs on-chain.
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Footprint Analytics - FTX-FTT Transactions & Amount
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Footprint Analytics - FTT Transferred to Binance
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Footprint Analytics - FTX Ethereum Addresses Netflow (11.1-11.7)
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According to 0xScope's entity map tracking, there is also a long-term mix of SBF personal and Alameda assets and accounts.
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Watcher - Address Clustering Tool
This suggests that, within Alameda, there is no distinction between SBF and corporations. SBF controls Alameda's funds and accounts and can do whatever it wants.
This process can be applied to any address; use cases can be to find connections between a selected set of addresses and to identify groups of addresses, and even sometimes, you can use this tool to find addresses you've forgotten.
Use on-chain data to track and enhance asset security
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Footprint Analytics - FTX Related Projects
Some key metrics to monitor tokens include:
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Footprint Analytics - Token Monitor
Monitor funds for CEX wallet addresses
tweetstweetsIn, CZ said that all cryptocurrency trading platforms should do Merkle Tree reserve proof. Banks operate on fractional reserves. Binance will soon start doing Proof of Reserves, fully transparent. Several exchanges have since published the addresses of their corresponding reserve wallets.
Based on the wallet addresses announced by FTX and Binance, Footprint has established somedash board. You can also check the reserve funds of addresses published by different exchanges.
Footprint Analytics - CEXs Wallets Balance Tracker
Users can also enter selected addresses to monitor the wallet for the following changes:
Token Balance Distribution
Wallet address 24 hours net flow
Wallet daily net flow and daily balance
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Footprint Analytics - Wallet Tracker
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Alameda Research Entity Dashboard
This article is0xScopeFootprint Analytics is a one-stop on-chain data analysis platform covering GameFi, DeFi, and NFT fields. It helps developers, analysts and investors to obtain action indicators through on-chain data.
Footprint Analytics is a one-stop on-chain data analysis platform covering GameFi, DeFi, and NFT fields. It helps developers, analysts and investors to obtain action indicators through on-chain data.
At present, Footprint Analytics has analyzed, cleared and abstracted the data of more than 19 public chains, allowing users to create analysis charts by using the drag-and-drop interface and SQL or Python. The analysis experience that you can get started without writing code is the unique feature that distinguishes Footprint Analytics from other on-chain analysis tools. The platform also provides a unified data API, allowing users to quickly retrieve NFT, GameFi and DeFi data of the multi-chain ecosystem.
0xScope is the first Web3 knowledge graph protocol. It solves the problem of Web3 data analyzing addresses instead of real users by establishing a new identity standard - a new scope entity from the data layer. And using its knowledge map function, it unifies the standards of different types of Web2 data and Web3 data, greatly reducing the difficulty of data collection and improving data penetration capabilities. At present, Watchers, a consumer-oriented application, has been launched, as well as 2B data services such as entity-based transaction tracking, address risk scoring and user portrait identification. 0xScope's partners can integrate 0xScope's data and algorithm capabilities into their own business through various flexible methods such as API, data cooperation, and customized data analysis reports.
