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The Milk Road Show
ROLLUP: Market Dumps | EigenLayer FUD | Airdrop Mania | FTX & CZ Drama w/ Carly Reilly | #332
May 3, 2024
Guest Carly Reilly discusses FTX & CZ drama. Topics include EigenLayer FUD, airdrops by Friend.tech, CZ's 4-month sentence, Moonbirds & metaverse, Azuki's anime episode, Blur Blast, and more crypto news.
57:57
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Quick takeaways
- FTX selling locked Solana tokens at discounted prices raises transparency concerns.
- FTX bankruptcy raises questions about ties with Sullivan & Cromwell law firm, leading to potential conflicts of interest.
Deep dives
FTX's Discounted Solana Sales
FTX has been selling its locked Solana tokens at discounted prices with bids as low as $85, significantly below the market value of Solana. This last tranche of sales allowed investors to purchase tokens at around $100, making it a good deal compared to the current Solana price of $140, offering a potential profit for buyers. However, there are concerns about the lack of transparency in reporting sales of locked Solana tokens, with some questioning if the discounts are being fairly offered to buyers.
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