Former Alameda Research CEO Caroline Ellison’s statements to the court offered a different perspective on what happened regarding the collapse of FTX.
FTX founder Sam Bankman-Fried (SBF) While the court process against him continues, former Alameda Research CEO Caroline Ellison His confessions continue to occupy the agenda. by Ellison Wednesday, October 11 In the document submitted as evidence to the court on Friday, it was stated that the FTX collapse was caused by the cryptocurrency exchange. Binance Attention was drawn to the behind-the-scenes connection with
In the statement in question, the cryptocurrency exchange Binance FTX leaked its balance sheet to CoinDesk and it was claimed that this published information was the trigger of the collapse.
In the statement made by Ellison, SBF On November 6, 2022 submitted an internal report and that report stated that Binance had filed a lawsuit against FTX. public relations campaign It was stated that he carried out:
Binance leaked a balance sheet of FTX and gave it to Coindesk. They then told customers to be wary of FTX and in response publicly announced that they had sold $500 million worth of FTT.
Looking at the flow of events at that time, the balance sheet report published via CoinDesk and then Binance CEO CZ’s The posts he shared are really from FTX Among the factors that trigger large money outflows had taken place.
In the posts shared by CZ, Binance’s FTT issued by the rival exchange FTX will sell your entire position He confirmed. The rapidly growing chaos environment in a short time brings with it the users’ By trying to withdraw their money from FTX It had become an unbearable situation.
CZ, however, within the same days, first Interested in purchasing FTX and this rumor brought with it an increase in FTT, but then this gave up on the purchase He drew attention by explaining.
In the report it submitted at that time, SBF also stated that the stock exchange was looking for potential investors for the rescue package. In the report TRON (TRX) founder and advisor of Huobi exchange Justin Sun He was listed among the potential investors, but it was stated that Sun was close to CZ and would probably be reluctant to invest.