Cryptocurrency The bankruptcy of exchange FTX and its sister company Alameda Research shocked the crypto market and caused many investors to lose.
Former CEO of FTX, SBF, in mid-November FTX and Alameda filed for bankruptcy. While the bankruptcy procedure continues, there has been a new development regarding Alameda.
Bitcoin (BTC) stock market Mike Belshe, CEO of BitGo3,000 before FTX filed for bankruptcy on Nov. Wrapped Bitcoin (wBTC) He said he was trying to use it.
Speaking at a Twitter AMA hosted by Crypto MakerDAO delegate Chris Blec, BitGo CEO said:
“An Alameda representative said days before the bankruptcy that he wanted to use $50 million worth of wBTC.
However, we declined his request due to failure in the usual security verification process.”
wBTCStating that they know all the operational personnel of each company that owns , the CEO said that the Alameda representative did not pass the security verification process and wBTC He said he wasn’t familiar with the burning process.
Expressing that they are suspicious of this situation, the famous CEO Mike Belshe said, “We, as BitGo, said that we need to know who the person who wants to use wBTC is. While we were waiting for a response from Alameda on these issues, they (FTX and Alameda) went bankrupt and of course everything stopped when they went bankrupt.” said.