Binance's FTX acquisition seen as chess move by crypto community

FTX founder and CEO Sam Bankman-Fried, or SBF, took to Twitter on Nov. 7 to claim that aexchange with false rumors. FTX"assets are fine," he said, stating that it had enough funds to cover all client holdings and does not invest client assets, even in treasuries. In the same thread, SBF also called for collaboration with the rival exchange Binance., the series of tweets triggered a sell-off of FTX Token that broke below the pattern’s support line near $22.

In a message to FTX's staff this morning, SBF said that $6 billion of net had been withdrawn from the platform in the past 72 hours, leading the exchange to"effectively pause," adding that the situation would be resolved in"the near future,"

Fk Drama

what a drama of the day, lucky its end quite well than Epic Luna...

🤨… Speculate on SBF’s knowing manipulation of the ENTIRE crypto space via Alameda Research/FTX!!!

🔥🔥🔥

Just to be CRYSTAL CLEAR: SBF knew EXACTLY what he was doing with Alameda Research and FTX. It finally caught up with him. Privilege nor Wealth places him above Responsibility, Scrutiny or Accountability. Au Contraire: Incompetence, it would appear, often accompanies Privilege.

Where's the lie?

🤔… This is either actual ignorance of existing and widely published facts, or purposely disingenuous and motivated by prejudiced intent! WHAT BULLSHIT!!!🤥 SBF’s malfeasance has been exposed, and so it fails in exonerating SBF from scrutiny and accountability. NOTjournalism

It's nothing new tho, cz has been making statements since last year

It's logical, sbf wasnt the nicest player, but who suffered from cz announcement were the investors

'SBF and CZ announced the acquisition citing a 'liquidity crunch', implying that Binance's equity liquidation led to FTX's insolvency.' How does one imply the other? LOL.. the mental gymnastics to still make SBF look like the victim.

If that's a chess move, SBF did all the setup with his FTT allocations.

🚀Thankss a millon

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