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MANIFOLD
Will FTX become insolvent by the end of 2022?
31
Ṁ630Ṁ6k
resolved Nov 23
Resolved
YES

This market will resolve to "Yes" if FTX withdrawals for USDC, BTC, ETH and/or SOL are suspended for a majority of users for at least 7 full days by Dec 31, 2022, 11:59:59 PM ET.

If a consensus of credible reporting states that FTX is insolvent by Dec 31, 2022, 11:59:59 PM ET this market will also resolve to “Yes.”

Otherwise, this market will resolve to "No".

(Real money market at: https://polymarket.com/market/will-ftx-become-insolvent-by-eoy)

FTX withdrawals being suspended for a majority of users means that a majority of users are unable to withdraw their USDC, BTC, ETH, and/or SOL from FTX.

If FTX suspends withdrawals on a day in the last week of December (e.g FTX halts token withdrawals on December 30, 2022, 4 PM ET), this market will not resolve until either: 1) withdrawals are reenabled before 7 full days pass, resulting in a "No" resolution; 2) 7 full days pass (Dec 30 - Jan 6, 2022, 4 PM ET) where withdrawals are suspended, resulting in a "Yes" resolution.

This market will resolve according to official information released by FTX, the leadership of FTX, and/or official representatives of FTX (e.g. lawyers, spokespeople, etc.), however a consensus of credible reporting may also be used.

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