11-07-2022, 08:56 AM
FTX insolvency rumor
<!-- SC_OFF --><div class="md"><p><strong>Update 2:</strong> Binance CEO, CZ, <a href="https://twitter.com/cz_binance/status/1589374530413215744">confirmed</a> that they are exiting FTT as a risk management learned from LUNA, and their retaliation towards SBF's anti-crypto lobbying.</p> <p><strong>Update:</strong> Alameda Research CEO, Caroline, <a href="https://twitter.com/carolinecapital/status/1589264375042707458">tweeted</a> that they are properly hedged and the reported balance sheet is incomplete.</p> <p><a href="https://twitter.com/DU09BTC/status/1589135270103773184">https://twitter.com/DU09BTC/status/1589135270103773184</a></p> <p>There is rumor going on regarding the inflated valuation of FTT and a possible insolvency at FTX.</p> <p>A wallet, believed to be Binance, has <a href="https://etherscan.io/address/0xd9d93951896b4ef97d251334ef2a0e39f6f6d7d7#tokentxns">moved $500+ mil worth of FTT tokens</a>, which could lead to a dump.</p> <p>This is also incredibly timely in the current order of events:</p> <ol> <li><a href="https://twitter.com/lex_node/status/1582814734587265024?s=20&t=6icdR8XRTuDQhdxWi7KQ_g">SBF has been lobbying for anti-DeFi</a>, using extremely anti-crypto words in the documents.</li> <li><a href="https://twitter.com/HsakaTrades/status/1585041254814916610">FTX recorded largest BTC shorts liquidation</a> (even bigger than Binance).</li> <li><a href="https://www.coindesk.com/business/2022/11/02/divisions-in-sam-bankman-frieds-crypto-empire-blur-on-his-trading-titan-alamedas-balance-sheet/">CoinDesk reported</a> that Alameda Research (SBF's trading firm) balance sheet was found to hold a huge amount of FTT (magic printed money) as collateral.</li> <li><a href="https://twitter.com/SBF_FTX/status/1587080196292837376">SBF has been pushing for FTT longs</a> last week.</li> </ol> <p>SBF may have been short-squeezed which leaves him vulnerable to a coordinated attack on FTT and FTX now. It's unconfirmed at this point, but do not disregard this as just FUD.</p> <p>Not your keys not your crypto!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Wubbywub"> /u/Wubbywub </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ynppk9/ftx_insolvency_rumor/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ynppk9/ftx_insolvency_rumor/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p><strong>Update 2:</strong> Binance CEO, CZ, <a href="https://twitter.com/cz_binance/status/1589374530413215744">confirmed</a> that they are exiting FTT as a risk management learned from LUNA, and their retaliation towards SBF's anti-crypto lobbying.</p> <p><strong>Update:</strong> Alameda Research CEO, Caroline, <a href="https://twitter.com/carolinecapital/status/1589264375042707458">tweeted</a> that they are properly hedged and the reported balance sheet is incomplete.</p> <p><a href="https://twitter.com/DU09BTC/status/1589135270103773184">https://twitter.com/DU09BTC/status/1589135270103773184</a></p> <p>There is rumor going on regarding the inflated valuation of FTT and a possible insolvency at FTX.</p> <p>A wallet, believed to be Binance, has <a href="https://etherscan.io/address/0xd9d93951896b4ef97d251334ef2a0e39f6f6d7d7#tokentxns">moved $500+ mil worth of FTT tokens</a>, which could lead to a dump.</p> <p>This is also incredibly timely in the current order of events:</p> <ol> <li><a href="https://twitter.com/lex_node/status/1582814734587265024?s=20&t=6icdR8XRTuDQhdxWi7KQ_g">SBF has been lobbying for anti-DeFi</a>, using extremely anti-crypto words in the documents.</li> <li><a href="https://twitter.com/HsakaTrades/status/1585041254814916610">FTX recorded largest BTC shorts liquidation</a> (even bigger than Binance).</li> <li><a href="https://www.coindesk.com/business/2022/11/02/divisions-in-sam-bankman-frieds-crypto-empire-blur-on-his-trading-titan-alamedas-balance-sheet/">CoinDesk reported</a> that Alameda Research (SBF's trading firm) balance sheet was found to hold a huge amount of FTT (magic printed money) as collateral.</li> <li><a href="https://twitter.com/SBF_FTX/status/1587080196292837376">SBF has been pushing for FTT longs</a> last week.</li> </ol> <p>SBF may have been short-squeezed which leaves him vulnerable to a coordinated attack on FTT and FTX now. It's unconfirmed at this point, but do not disregard this as just FUD.</p> <p>Not your keys not your crypto!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Wubbywub"> /u/Wubbywub </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ynppk9/ftx_insolvency_rumor/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ynppk9/ftx_insolvency_rumor/">[comments]</a></span>