"We expect to see contagion fallout from FTX/Alameda over the next few weeks," read the letter."Many trading firms will be wiped out and shut down, which will put pressure on liquidity and volume throughout the crypto ecosystem. We have seen several announcements already on this front, but expect to see more.
This represents a sharp turnabout for Multicoin, a five-year-old company that unveiled a $430 million fund in July, the largest to date.However, "FTX won't be the end of the crypto sector," Muticoin concluded, giving some hope to the coin traders.New CEO lambasted previous SBF's management "Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information," read theThe balance sheets for FTX and its sister firm Alameda Research were "unaudited and produced while the Debtors [FTX] were controlled by Mr. Bankman-Fried," Ray stated in the complaint, adding that he "did not have confidence" in their authenticity.
Reverberating media claims of the loss of hundreds of millions of dollars worth of cryptocurrencies, Ray said that a "substantial portion" of the assets housed with FTX may be "missing or stolen."on Thursday stated that there is evidence suggesting that Bahamian regulators instructed CEO Sam Bankman-Fried to gain "unauthorized access" to FTX systems to obtain the company's digital assets after it had filed for bankruptcy protection.
Sounds great! Time to end the virtual delusion that cryptocurrency represents.
Blamed Zelensky...!!
only second to the Feds control
hope so, crypto needs a cleanse
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