Following the incident of Binance selling FTT token from the FTX exchange a few days ago, Sam Bankman-Fried recently The young CEO also revealed that The company may have to file for bankruptcy if it is unable to raise funds to carry the company forward. Previously, Binance’s CZ appeared to have stepped in with the acquisition of FTX, but then canceled after reviewing the company’s status.
Today (Nov 10, 65) Lecturer Thanwa Arphonthip Blockchain Technical Advisor from SCB 10X posted a guideline for generating evidence of FTX users’ assets so that if a company’s bankruptcy actually happens. Users will be able to use this evidence to file a claim for the return of assets from the company.
How good is it to keep evidence of assets?
Usually, the assets stored on the exchanges are not actually the owners of the assets, and the person holding the key is the exchange itself. The user only has an account that has access to the balance of the assets he owns. As the saying goes, Not your key, not your coins. If we keep our assets in a hardware wallet, the person holding the key or seed phrase is us, as long as we don’t lose it. Those assets still belong to us. which must be kept safe, these seeds
How to collect assets from FTX
Ajarn Thanwa has introduced two methods to save and store the balance of the user’s assets via FTX as follows:
Method 1: Press through the UI page of FTX by this method. The teacher recommends that you hurry to press quickly because it may cause the website to be closed and escape. By the way as shown in the figure below.
Click on the name in the upper right corner > Historical Balances > Press Request snapshot > Wait for Generate > Press View Results and save it as a file.
After that, write down the Customer ID, Email that we used to open the account.
Method 2: Suitable for programmers who run Python by installing these modules via pip.
pip install pandas typing requests hmac ciso8601
Get this code from Ajarn Dhan’s GIST.
https://gist.github.com/…/4caf31719ff9106e516dce341572b89d
Fix pub_key and priv_key to belong to our API by using API that has access to every sub-account (Line 10-11) and all data will be saved in the same folder as the script we saved from above.
this kind of situation Let’s protect each other. Stay Safe.
Thank you information from Personal Facebook of Ajarn Thanwa Arphonthip