Famous CEO: “Alameda Was Constantly Shorting This Altcoin To Avoid Floating!”

Terra (Luna) bankrupt in the summer of 2022 after the effects of the collapse cryptocurrency Alex Mashinsky, CEO of Celsius company, made interesting statements about the collapse of FTX and Alameda.

“Alameda Was Consistently Shorting CEL Altcoin”

According to Mashinsky, FTX tried to settle the losses he suffered after taking losses on derivatives trading by sending FTT to Alameda. According to the CEO, Alameda manipulated the market by taking short positions in many altcoins, especially CEL.

Mashinsky also claimed that measures were taken by FTX to prevent Alameda from being automatically liquidated from the FTT drop:

“FTX has suffered losses from giving margins to investors on shit coins.

FTX used Alameda to fill the void by sending FTT.

FTX excluded Alameda from automatic liquidation from FTT price drop to avoid a death spiral.

Alameda used “God Mode” to short coins like CEL and avoid sending collateral.”

In addition, Mashinsky said that the culprit of the last bear market should be Digital Currency Group, which lent a large amount to FTX:

“Genesis/DCG should take responsibility for a significant portion of this bear market as it carelessly lends and trades large leveraged companies, including:

$2.4 billion loan to 3AC.

Several billion-dollar over-the-counter transactions into Luna.

+1 billion dollars to FTX and Alameda.

Lending over $5 billion for leveraged GBTC fraudulent transactions.”

Mashinsky also stated that his own company Celsius is among the top investors with $13 million in FTX.

*Not investment advice.

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