parachainglobal： Fears Swell Around FTX


CZ’s comments and the ensuing FTX withdrawal wave have sparked fear across crypto Twitter, with many significant voices telling FTX users to withdraw their funds.


FTX CEO Sam Bankman-Fried (SBF) has denied that his exchange is in any type of financial trouble, and is fully capable of processing withdrawals.

Alameda – another company owned by SBF – is also getting its financials questioned given its apparently large exposure to FTT. The company head has offered to buy as much FTT from Binance as its willing to sell.

The firm also appears to be transferring stablecoins to FTX’s hot wallet.

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