Twitter Tuesday: Investors Concerned FTX May Cause Another Market Crash

Are FTX and Alameda Research too close?

Last week, CoinDesk reported a very close connection to Alameda Research and crypto exchange FTX. Two days later, Protos published an article questioning Alameda Research’s financial strength. Now, Twitter is ablaze. Crypto Daily Trade Signals calls it a shit show.

Crypto Daily Trade Signals @cryptodailyTS

Retweet Breaking #FTX News Sam Bankman-Fried Selling huge amount of stable coins... To stop FTX from Dying!! Look at this Shit Show!!

The relationship between FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao (CZ) is getting tense.

Bloomberg Crypto @crypto

Tensions between the crypto industry’s richest CEOs — Sam Bankman-Fried and Zhao “CZ” Changpeng — are spilling over into an already battered market

trib.alBinance’s CZ and FTX’s Sam Bankman-Fried Trade Barbs Over TwitterSimmering tensions between the crypto industry’s two richest executives are spilling over into the already battered digital-asset market.

In a short Twitter thread yesterday, CZ clarified his intentions with an earlier thread that set Twitter on fire. It appears he considers himself a builder (is that a new term for “lover”), not a fighter.

CZ 🔶 Binance @cz_binance

I was out with friends yesterday when the topic of whale alerts came up. Following our principles, I decided to be transparent. So I wrote a thread in 5 mins, and posted it. Little did I know it was going to be “the straw that broke the camel’s back.” 1/4

What was that earlier tweet? CZ said Binance was liquidating its FTT tokens. That created a ripple effect in the rest of the market. FTT tokens are FTX’s in-house tokens, used for reducing trading fees.

Gary Black @garyblack00

#BTC -4.5% to $19.8K as FTX, the 2nd largest crypto exchange run by Sam Bankman Fried, experienced a bank run after Binance, the #1 crypto exchange, liquidated all FTX in house tokens (FTT). Crypto markets appear to be stabilizing after SBF assured investors about FTX solvency.

The ripple affected Solana (SOL).

Crypto Daddy @CryptoD47160749

Solana Falls, and Speculation Centers on Links to Sam Bankman-Fried’s FTX, Alameda

cryptonews.netSolana Falls, and Speculation Centers on Links to Sam Bankman-Fried’s FTX, AlamedaSolana’s SOL token was one of the biggest losers in digital-asset markets on Monday, and crypto analysts speculated there might be a connection to the recent drama surrounding Sam Bankman-Fried’s

Bankman-Fried assured the market that FTX is fine even as investors ran for the hills.

John Morgan @johnmorganFL

Sam Bankman-Fried Stands Ground Against #Binance as #FTT Slammed blockonomi.com/sam-bankman-fr…

Meanwhile, Bankman-Fried is one of the largest political donors this election season.

unusual_whales @unusual_whales

Midterms are in 8 days. Here are the largest donors so far in the 2022 midterms: - George Soros with over 120 mln - Elizabeth and Richard Uihlein at over 80 mln - Ken Griffin of Citadel with nearly 70 mln - Sam Bankman with nearly 50 mln - Michael Bloomberg +20 mln Incredible.

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gFam @globalfamilyapp

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Just to prove I’m as transparent as the next guy, snark and commentary are in italics. Inclusion of a tweet doesn’t signal that I agree or endorse the ideas presented. Of course, it also doesn’t mean I don’t.

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