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 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
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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_binanceif 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.
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Clement Wardzala
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