Leaked chats between FTX's founder and Alameda's CEO reveal shocking behind-the-scenes discussions during crypto giant's downfall
, a once-prominent cryptocurrency exchange, shocked the crypto world, but recent leaks bring to light the internal conversations that might have played a pivotal role in the unraveling of theFTX's demise began with financial mismanagement and the alleged misuse of billions of its customers' assets. Public reports detailed howlent $10 billion of its customers' assets to Alameda Research in 2022.
Further into the conversation, Ellison mentions her intention to tweet that"FTT will go up." This is significant, as it appears to be an effort to influence market sentiment about FTT,native token, during a period when it was facing dramatic price drops. Such a statement, if released publicly, might be viewed as an attempt to manipulate the market, a grave offense in the financial world.
SBF's subsequent messages hint at FTX's liquidity challenges, suggesting the importance of freeing up capital due to significant withdrawals, an alarming admission given the backdrop of FTX's deteriorating financial health.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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