Arthur Hayes Thinks If FTX Liquidates Alameda, It Can Still Work
Key Points:
- The former BitMex exec raised questions from the SBF about the collapse of FTX.
- He thinks that if FTX liquidates Alameda like other customers, FTX can still operate normally.
Former BitMEX CEO Arthur Hayes took to Twitter to express his thoughts on the recent issue with FTX. He thinks that if FTX liquidates Alameda, it won’t go bankrupt.
In this thread, Hayes poses a direct question to former FTX executive Sam Bankman-Fried that the focus should be shifted from Alameda Research and their hedging strategies to risk management of FTX itself and why some customers are treated differently from others.
He believes that if FTX liquidates Alameda like they have done with other customers in the past, then FTX will still operate normally, not fall into bankruptcy as it is now.
Arthur Hayes’ actions have exploded since Sam Bankman-Fried denied involvement in the allegation that Alameda used FTX customer funds.
He denied receiving the funds and asserted that the collapse of the crypto market and insufficient hedging on the part of Alameda caused the collapse of FTX and its sister company Alameda Research.
Besides, the former CEO of FTX said he was pressured to appoint John Ray as the new CEO.
Bankman-Fried is on free bail at his parents’ California home despite being charged with multiple federal charges, including conspiracy to commit fraud. Although FTX co-founder Gary Wang and Alameda CEO Caroline Ellison have pleaded guilty to fraud and are currently assisting an investigation in the Southern District of New York, he has pleaded not guilty before accusations.
Hayes ended the thread by calling out FTX’s lack of transparency regarding their practices and operations. He demands answers to the questions. “Why were some clients treated differently than others” and “how did FTX approach risk management at the FTX level?”
Sam still needs a response when faced with questions from the former BitMEX director.
The collapse of FTX has caused too much damage to the development of the cryptocurrency industry and investors. It used to be the second largest exchange in the market, so the number of victims and possible damage is still not fully listed. But victims’ hopes of compensation may be hopeful as FTX recently recovered an additional $5 billion in liquid assets, and the recovery process is still ongoing.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Arthur Hayes Thinks If FTX Liquidates Alameda, It Can Still Work
Key Points:
- The former BitMex exec raised questions from the SBF about the collapse of FTX.
- He thinks that if FTX liquidates Alameda like other customers, FTX can still operate normally.
Former BitMEX CEO Arthur Hayes took to Twitter to express his thoughts on the recent issue with FTX. He thinks that if FTX liquidates Alameda, it won’t go bankrupt.
In this thread, Hayes poses a direct question to former FTX executive Sam Bankman-Fried that the focus should be shifted from Alameda Research and their hedging strategies to risk management of FTX itself and why some customers are treated differently from others.
He believes that if FTX liquidates Alameda like they have done with other customers in the past, then FTX will still operate normally, not fall into bankruptcy as it is now.
Arthur Hayes’ actions have exploded since Sam Bankman-Fried denied involvement in the allegation that Alameda used FTX customer funds.
He denied receiving the funds and asserted that the collapse of the crypto market and insufficient hedging on the part of Alameda caused the collapse of FTX and its sister company Alameda Research.
Besides, the former CEO of FTX said he was pressured to appoint John Ray as the new CEO.
Bankman-Fried is on free bail at his parents’ California home despite being charged with multiple federal charges, including conspiracy to commit fraud. Although FTX co-founder Gary Wang and Alameda CEO Caroline Ellison have pleaded guilty to fraud and are currently assisting an investigation in the Southern District of New York, he has pleaded not guilty before accusations.
Hayes ended the thread by calling out FTX’s lack of transparency regarding their practices and operations. He demands answers to the questions. “Why were some clients treated differently than others” and “how did FTX approach risk management at the FTX level?”
Sam still needs a response when faced with questions from the former BitMEX director.
The collapse of FTX has caused too much damage to the development of the cryptocurrency industry and investors. It used to be the second largest exchange in the market, so the number of victims and possible damage is still not fully listed. But victims’ hopes of compensation may be hopeful as FTX recently recovered an additional $5 billion in liquid assets, and the recovery process is still ongoing.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
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