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FTX and Biance

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  1. #161

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    Quote Originally Posted by TheBrit:
    This was from more than a week ago, before Binance walked away, right?
    Hah ... I thought it was from today. Guess I lost track of time..

  2. #162

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    And something about some local companies that might have some affiliated ownership or share risk with FTX ...

    Genesis Block appeals to stop depositing virtual currency and believes that assets are deposited in FTX

    After FTX crashed, Genesis Block co-founder and director Jiahao Hong sent a notice to customers. Due to technical problems, customers are advised not to deposit virtual currency on the platform, and withdrawals will not be affected.
    https://www.hk01.com/article/836795

  3. #163

  4. #164

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    Quote Originally Posted by AsianXpat0:

    Poor silly sheep…
    But HK will get its crypto virtual asset token thing right... Take that Singapore!

    Can you whatsapp Eddie and ask him what some of these private investments are?

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  5. #165

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    Quote Originally Posted by shri:
    But HK will get its crypto virtual asset token thing right... Take that Singapore!

    Can you whatsapp Eddie and ask him what some of these private investments are?

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    So a loss of 144 but a decrease of assets of 359. Where did the rest go if they are not losses?
    Do they take money out of the Exchange Fund to distribute and pay for the White Elephants?

  6. #166

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    Quote Originally Posted by Sith:
    So a loss of 144 but a decrease of assets of 359. Where did the rest go if they are not losses?
    Do they take money out of the Exchange Fund to distribute and pay for the White Elephants?
    Balance sheet: https://www.hkma.gov.hk/media/eng/do...a1.pdf?noembed

    (But we're digressing... What I'm trying to get to are the following bits of info - 1) who manages the private equity investments of the fund and 2) what are their crypto / fintech investments? )

    From this website:

    HKMA primarily invests in the public sector, as the private sector is replete with cases of conflict of interest. To avoid such a challenge in the public sector, it allocates all of its equity portfolios to external managers in addition to creating firewalls between its banking systems and other departments.

    External managers are selected based on qualitative and quantitative factors. The fund then allocates different classes of assets in a way that fully utilizes each portfolio manager’s skills and expertise.
    https://corporatefinanceinstitute.co...ent-portfolio/

    And - does the Exchange fund hold Temasek debt ...

  7. #167

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    Quote Originally Posted by shri:
    Balance sheet: https://www.hkma.gov.hk/media/eng/do...a1.pdf?noembed

    (But we're digressing... What I'm trying to get to are the following bits of info - 1) who manages the private equity investments of the fund and 2) what are their crypto / fintech investments? )

    From this website:



    https://corporatefinanceinstitute.co...ent-portfolio/

    And - does the Exchange fund hold Temasek debt ...
    Not sure what they mean by public sector but I know that several asset managers are managing a portfolio for HKMA but these invest only in the traditional markets.

  8. #168

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    Great clarification..

    At this point, you really can't accuse them anymore for not giving fair warning..
    shri likes this.

  9. #169

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    ;_;

    What proof of reserves.. refuse to share or ok to share, there's no point at all, why are ppl even hung up on that pt. I don't understand how everyone just forgot overnight what crypto and blockchain was for.. the tech part of crypto was precisely for this, bcos it isn't govt backed currency, public end users get to verify this themselves...otherwise what's the point of that blockchain when public end user has no access to it ;_;

    https://finance.yahoo.com/news/coinb...xMSnIvvQUgw8JB


  10. #170

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