USA based FTX The trouble of the stock market has officially brought the crypto industry to the brink of a crisis in recent days. While talking about how FTX will come out of this situation, a very critical claim was made on The Wall Street Journal (WSJ) website about the stock market on the verge of bankruptcy.
According to the news published on the Wall Street Journal site minutes ago, the FTX partner Alamenda Researchused the stock market’s resources to finance its risky investments.
Allegedly, FTX founder Sam Bankman-Friedannounced the situation to a large investor that he had met recently. According to SBF, Alamenda Research has in the past traded on the FTX exchange. 10 billion dollars took on a large loan. The exchange used this figure from users’ deposits in FTX to fund Alamenda’s investments.
The gravity of the situation becomes even more clear given that the total assets of the FTX exchange are $ 16 billion. There has been no explanation yet from the stock market on the verge of bankruptcy regarding this claim.
Shooting Stopped on FTX
Withdrawals on the FTX exchange, which has not officially announced its bankruptcy, have completely stopped. In a statement on Twitter, SBF stated that users currently have a $5 billion withdrawal request on the stock market.
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