On Twitter, FTX CEO Sam Bankman-Fried finally spoke out about the many rumors surrounding liquidity issues at FTX and Alameda Research. Words mainly expressed to reassure FTX users in these troubled times.
Sam Bankman-Fried dément toutes les rumeurs qui planent sur FTX
Sam Bankman-Fried speaks out to reassure the crypto community
Since some comments by Changpeng Zhao, CEO of Binance, relating that the platform was going to offload all the FTT tokens in its possession, a general panic within the crypto community has begun against FTX.
In a series of tweets, FTX CEO Sam Bankman-Fried wanted to reassure platform usersclaiming that their funds are in no danger following Binance’s announcement regarding the massive sale of FTT tokens.
As FTX and Alameda Research insolvency rumors swirl, Sam Bankman-Fried took to Twitter to denounce that a competitor (in this case Binance) is trying to go after them with “False Rumors”before asserting that “FTX is doing well. The assets are doing well ».
Sam Bankman-Fried then clarified that FTX has enough money to cover all of its clients’ holdingsthat its clients’ funds were not reused in various investments and that all cryptocurrency withdrawals continue to be authorized:
2) FTX has enough to cover all client holdings.
We don’t invest client assets (even in treasuries).
We have been processing all withdrawals, and will continue to be.
Some details on withdrawal speed: https://t.co/tSjhJW3JlI
(banks and nodes can be slow)
— SBF (@SBF_FTX) November 7, 2022
Join Experts and a Premium Community
PRO
Invest in your crypto knowledge for the next bullrun
Giving more details, Sam Bankman-Fried sought to further reassure the crypto community and FTX users about the situation:
” That [l’activité de la plateforme ; NDLR] is heavily regulated, even if it slows us down. We have GAAP audits, with a cash surplus of over a billion dollars. We have a long history of protecting our clients’ assets, and that remains true today. »
He then closed his thread by referring to Changpeng Zhao, responding in a rather calm manner to the chaos his statements have created for FTX and its ecosystem:
“I would love it, Changpeng Zhao, if we could work together for the ecosystem. »
In some of the comments, Sam Bankman-Fried said he was open to hosting a public discussion with Changpeng Zhao. It remains to be seen whether the latter will accept the exchange or not.
4) I’d love it, @cz_binance, if we could work together for the ecosystem.
— SBF (@SBF_FTX) November 7, 2022
Of course, all the comments of the different entities involved in this affair are to be taken with a grain of salt, each trying to protect its back as best it can.
It is true that many false rumors are circulating against FTX, but also Binance. So be extra careful about what you read on Twitter in these troubled times..
👉 To learn more about this case, here is what is going on for the FTX platform since Changpeng Zhao spoke.
The French unicorn of crypto wallets 🔒
A complete crypto experience, from buying to securing
Newsletter 🍞
Receive a summary of crypto news every Monday by email 👌
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Editor-in-chief of Cryptoast, I discovered Bitcoin and blockchain technology in 2017. Since then, I have been striving to share quality content so that the sector becomes more democratic for everyone.
Clement Wardzala
1723 items
