Millionaire cryptocurrency Entrepreneur “The Moon Carl” claimed in a statement that Alameda Research, which is owned by Sam Bankman-Fried, owner of cryptocurrency exchange FTX, may have gone bankrupt.
The famous name claimed that Alameda Research may have gone bankrupt for reasons similar to Celsius, under Binance CEO Changpeng Zhao’s tweet about selling FTT assets.
In addition, The Moon Carl warned that the next few weeks could be tumultuous and bitcoin He argued that the price could drop to $13,000.
Alameda research is bankrupt due to similar reasons like Celsius, isn’t it?
Wow, stormy times in the next few weeks… #Bitcoin to $13k or what?
— Carl | The Moon 🌙 (@TheMoonCarl) November 6, 2022
Binance CEO Says He Will Sell All FTT Assets
On November 2, CoinDesk published that there was a glitch in Alameda’s balance sheet, according to a private financial document it reviewed.
Mike Burgersburg “Is ALAMEDA RESEARCH BANKRUPT?” and received acclaim from Binance CEO CZ. Meanwhile, “Crypto is high-risk,” citing CZ Alameda. he tweeted.
Just 2 hours after CZ tweeted, a whale transferred 23M $FTT to Binance and started selling.
Many people thought that this whale could be Binance, and confirmation came from Binance CEO CZ on the subject. These sales have been confirmed by Binance.
Yes, this is part of it. https://t.co/TnMSqRTutr
— CZ 🔶 Binance (@cz_binance) November 6, 2022
Alameda Research CEO Denies Allegations
However, Alameda Research CEO was quick to give his answer on the subject. According to the CEO, the company has more than $10 billion in assets not shown in documents seized by Coindesk:
“A few notes on balance sheet information that has been circulating recently: that balance sheet is for a subset of our corporate assets, we have more than $10 billion in assets that are not reflected there.
Some of our biggest long positions are on the balance sheet; Of course, we also have hedge positions that are not on the list.
Given the tightening in the crypto lending space this year, we have repaid most of our loans so far.”
A few notes on the balance sheet info that has been circulating recently:
– that specific balance sheet is for a subset of our corporate entities, we have > $10b of assets that aren’t reflected there— Caroline (@carolinecapital) November 6, 2022
*Not investment advice.
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