The community has been outraged about SBF deleting recent tweets about FTX, with many blaming the CEO for “blatant lies” about the status of assets on the exchange.
One Twitter user, handle Pledditor, also pointed out that SBF previously retweeted a random account that implied an airdrop for those who don’t withdraw their coins from FTX. The crypto enthusiast suggested that the United States Securities and Exchange Commission needs to go after such actions,
: “An implicit promise that SBF doesn't actually to be held accountable for because he himself did not tweet it.”Some crypto observers aren’t too optimistic about the future events for FTX users that continue to store their holdings on the exchange. According to Dylan LeClair, senior analyst at UTXO Management, FTX customers are now unsecured creditors.
Don't mean to be the bearer of bad news here, but if it isn't clear already, if you still have funds on FTX, they're gone. You're an unsecured creditor. The probable outcome is Chapter 11 & a class action lawsuit that draws out for years, where you get $0.10-$0.30 on the dollar.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT TokenFTX CEO SBF_FTX has dismissed speculation over whether the company has enough capital to cover its customer deposits. Reporting by oknightcrypto
Read more »
Sam Bankman-Fried Insists 'FTX is Fine' After Bombshell Report and Binance Liquidations | CoinMarketCapA flurry of speculation has hit FTT hard — and it has fallen by 14.5% over the past seven days. It's the worst-performing cryptocurrency in the top 30 by market cap.
Read more »
Podcast: Dark Clouds Form over FTX and Sam Bankman-Fried | CoinMarketCapOn today's CoinMarketRecap with Connor Sephton, we'll find out why the crypto markets have suffered a painful pullback overnight.
Read more »
CZ Says Binance Intends to 'Fully Acquire FTX,' Sam Bankman-Fried Confirms Transaction – Bitcoin NewsAfter all the speculation surrounding FTX, Binance CEO Changpeng Zhao (CZ) revealed that his company is set to acquire FTX.
Read more »
Bankman-Fried apologizes to FTX investors for lack of communication over Binance dealInvestors in FTX received a letter from CEO Sam Bankman-Fried that said Binance and the exchange have entered a non-binding agreement.
Read more »