Home Crypto FTXUS Losses Revealed; SBF Responds

FTXUS Losses Revealed; SBF Responds


Conor Grogan tweeted about the millions of dollars funneled out of FTXUS.

He tweeted in response to SBF’s claim that FTX was always solvent and held millions from the customer fund.

Conor tweeted in detail about the exchange’s losses and questioned SBF about his transactions.

Conor Grogan, the Director at the crypto exchange Coinbase, tweeted about the “questionable FTXUS redemption system” in response to the disgraced FTX founder Sam Bankman-Fried’s claim that FTXUS has “hundreds of millions of dollars in excess of customer balances.”

Grogan tweeted that the FTXUS redemption system that the traders used to “funnel 10s millions out of the exchange” might have an impact on the questioning of the FTX – FTXUS separation claims:

From November 9th until withdrawals were halted a few days later, traders may have used a questionable FTXUS redemption system to funnel 10s of millions of out the exchange

This may complicate bankruptcy proceedings and further call into question FTX->FTXUS separation claims

&md …

The post FTXUS Losses Revealed; SBF Responds appeared first on Coin Edition.


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