FTX collapse was not a liquidity crisis
- Thread starter BMK
- Start date
Keep Greasin and Leveraging. All Clear. Green lights all the way.
After? Yuge.
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Even after the 1 month of crisis, The FTX-Alameda Drama Continues to Unfold.
The recent transfer of assets from FTX has raised concerns among the community. Coinciding with SBF’s bailout were continued transfers of funds from Alameda accounts, as millions of dollars worth of cryptocurrency were stolen from FTX’s wallets on the same day that the exchange filed for bankruptcy. U.S. authorities are investigating the FTX exploit that cost the company $370 million.
Additionally, on November 6, 2022, all 20,176.84 BTC in FTX’s Bitcoin holdings, worth $334 million at the time, were stolen in less than 24 hours.
If bears haunt the rally the altcoin would settle down with a minimum ftx crypto price for 2023 to $2.35 according to coinpedia.
Video clip "I think FTX CEO has a story to tell", says Mary O'Grady
The recent transfer of assets from FTX has raised concerns among the community. Coinciding with SBF’s bailout were continued transfers of funds from Alameda accounts, as millions of dollars worth of cryptocurrency were stolen from FTX’s wallets on the same day that the exchange filed for bankruptcy. U.S. authorities are investigating the FTX exploit that cost the company $370 million.
Additionally, on November 6, 2022, all 20,176.84 BTC in FTX’s Bitcoin holdings, worth $334 million at the time, were stolen in less than 24 hours.
If bears haunt the rally the altcoin would settle down with a minimum ftx crypto price for 2023 to $2.35 according to coinpedia.
Video clip "I think FTX CEO has a story to tell", says Mary O'Grady