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6) As of writing ETH is down 26%, ETHBULL is down 75%, and ETHBEAR is up 80%; this is all as expected, with the LTs slightly outperforming because of the momentum.

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7) Some of the BULL tokens had lagged price action on Binance because sellers ran out of inventory and it took a long time to get tokens over because of network congestion.

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8) The ETH network was overloaded, and so withdrawals were really slow.

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9) FTX had a record volume day, trading over $3b.

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10) All coins were down; FTT was down 6%, which is too bad but much better than most other coins, which were down 20-30%.

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11) Changes that we’ve made: we repaid all funding (only when people were paying!) for 7pm HKT, when the database was overloaded.

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12) We’ve increased ERC20 tx fees when the network is congested (we cover these)

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13) We’ve patched the database problem and removed the throttling

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14) We’re working our way through the deluge of support tickets

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15) We’ve processed all withdrawals, including re-broadcasting failed ones

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16) Overall I’m unhappy with the performance today and wish we had run smoother. We're hopeful that this will be true going forward.

5:43 PM · Mar 12, 2020Twitter Web App

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17) On the bright side, when it was running smoothly FTX had way more liquidity than other exchanges, which thinned significantly out.

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