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FTX is one of the issues that the cryptocurrency community has been talking about since last year. We have readers who remember; FTX, once one of the largest
FTX is one of the issues that the cryptocurrency community has been talking about since last year. We have readers who remember; FTX, once one of the largest stock exchanges in the world, Sam Bankman-FriedThe steps he took made him bankrupt. Sam Bankman-Fried, who escaped for a while, was eventually captured and sent behind bars. However, this does not mean that the process is over. The latest news is that FTX CEO He has dirty relationships it reveals.
One of the names whose testimony was consulted in the US case is the CEO of a company called Alameda Research, which was believed to have close ties to FTX and went bankrupt along with FTX. Caroline Ellison. Ellison, also known as Sam Bankman-Fried’s ex-girlfriend, explained what the FTX CEO did one by one. The statements made are of a level that we can call terrible. Turns out Sam Bankman-Fried was talking about Binance in the background lobbyingHe sold his clients’ assets to keep the price of Bitcoin (BTC) low…
In her statement to the court, Caroline Ellison says that Sam Bankman-Fried can lie very easily and that she has also suffered from this. However, Ellison said he would never be part of this process. didn’t think. The CEO of Alameda Research stated that they did business “the way they wanted to,” so to speak, and that they lied to everyone to save their company. The situation had reached such a point that companies on balance sheet data There was even tampering and these were sent to customers…
Not just this one. Caroline Ellison to prevent the lies they tell from being discovered steal money from customers He also confessed. Let’s explain it this way; FTX was a stock exchange and investors deposited money on this stock exchange. Alameda Research was a company that provided loans through cryptocurrencies. Alameda Research customers also had the right to withdraw their funds at any time. Ellison will pay Alameda Research customers Owned by FTX customers They sold crypto assets. Of course, FTX users weren’t even aware of that.
One of the key issues in the Alameda Research CEO’s statement was about the price of Bitcoin. Caroline Ellison says Sam Bankman-Fried’s BTC price 20 thousand dollars He admitted that he didn’t want it to rise above that, so they kept selling BTC. The point is this: the BTC that was sold was not that of Sam Bankman-Fried or FTX. straight away FTX user accounts BTCs were sold.
One of the notable admissions about Sam Bankman-Fried is the world’s largest cryptocurrency exchange. Binance related to. Caroline Ellison presented the court with Sam Bankman-Fried’s personal ‘to do list’. One of the items on this list is was to collaborate with government officials and bring down Binance. In fact we can say that this was successful. Because there is a dispute between Binance and the US Securities and Exchange Commission (SEC). A case is currently pending…
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Source: Web Tekno
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.
