Sam Bankman Fraud: Inside the Collapse of FTX’s Hollow Empire
The Breakdown
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Binance's Exit From FTX Equity
Binance CEO Carolyn Ellison tweeted a few notes on the balance sheet info that has been circulating recently. She wrote, if you're looking to minimize the market impact of your FTT sales, Alameda will happily buy it all from you today at $22. A few hours later, CZ retweeted a whale alert that showed $22,999,999 FTT transferred from an unknown wallet to Binance. At this point folks in FTEX were starting to get uncomfortable. It sure looked like CZ was going after us and doing so pretty aggressively. We typically hold tokens for the long term, and we have held onto this token for a long time. Our industry is in its n
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