bitcoin and in altcoins New information continues to emerge about the FTX crisis, which caused a huge dump.
In this liquidity crisis, millions of people who could not withdraw their funds from FTX were victims. While wondering how the stock market will fill the 6-8 billion dollar asset gap, many investors have given up on FTX.
The dirty relationship between SBF and Alameda lies among the foundations of the liquidity crisis experienced by FTX.
Sources reached by Reuters said that FTX CEO SBF transferred $4 billion in assets to Alameda, including the FTT token and FTX funds from Robinhood. Alameda’s announcement that it had a 7.6% stake in Robinhood at that time also confirmed this information.
What was unacceptable here was that some of this $4 billion asset was client funds. SBF openly gambled with client funds and lost this game.
of SBF AlamedaIt was also stated that he hid from other FTX executives that the exchange and customers were using their funds to support .
However, this gamble ended when the gaps in Alameda’s balance sheet were reflected in a report.
While every crisis in the crypto money markets undermines the confidence of investors in the sector, it reveals that regulations that will not hinder innovation should come immediately.
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