While the flames of the FTX crash burn the crypto market, people are coming up with different claims explaining why the crypto exchange’s demise. In a market driven by claims, rumors, and speculations, such reports could engineer a further crash. But, on the other hand, it may also shed light on the ongoing investigation.
The latest claim from Reuters alleged that FTX used customers’ funds to pull out Alameda Research from insolvency. The report also addressed Binance’s withdrawal from the FTX acquisition as a failed attempt to save crypto.
Furthermore, a message from Bankman-Fried, FTX CEO, to podcaster Cobie got leaked on Twitter. The statement revealed that Bankman-Fried is confused about how to solve the FTX issue. However, the message also showed that the CEO seeks to provide a thorough explanation to the community.
FTX Might Tend towards Bankruptcy
Another Twitter post from an account addressed as Austin Capital shared more rumors. The post alleged that FTX employees turn
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