Du Jun, co-founder of cryptocurrency exchange Huobi, claimed that FTX pulled more than $6 billion from the market last week.
Huobi co-founder Du Jun on the 9th of November shared In a tweet, he suggested that FTX pulled a large amount of money from the market last week. These allegations against FTX, which has recently restricted withdrawals and experienced liquidity problems, drew the reaction of users. Jun included the following statements in his post:
FTX pulled more than $6 billion from the market last week. Institutions lending to Alameda and centralized platforms associated with FTX are at risk. Protect your assets and don’t pay for the mistakes of others.
While the accuracy of the claims continues to be debated among the crypto community, Jun has not yet provided clear data on the subject. FTX, which suffered a major collapse due to liquidity problems, did not receive a response regarding the claims. Allegedly, CEO Sam Bankman-Fried, after Binance announced that it would liquidate the FTTs in its hands, first to ensure the healthy operation of the stock market. Wall Street and Silicon Valley demanded $1 billion worth of debt from its teams. Bankman Fried, whose request was turned down, Binance He had to sit down at the table with his CEO.