Former BitMEX CEO Arthur Hayes has taken to Twitter to specific his ideas on the latest challenge with FTX following the newest try by Sam Bankman-Fried, the change’s disgraced founder, to save lots of his face.
Within the thread, Hayes means that the main target must be shifted away from Alameda Analysis and their hedging methods again to FTX’s personal danger administration and why some shoppers had been handled in another way than others.
He believes that if FTX had liquidated Alameda simply as they’ve performed with different prospects up to now, FTX would nonetheless be functioning correctly.
Hayes ended the thread by calling out FTX’s lack of transparency relating to their very own practices and operations. He calls for solutions to the questions. “Why had been some shoppers handled in another way than others” and “how did FTX strategy danger administration on the FTX degree?”
In a shock transfer, the disgraced crypto mogul not too long ago introduced the launch of his personal Substack e-newsletter regardless of the pending felony trial in opposition to him. In a put up titled “FTX Pre-Mortem Overview,” Bankman-Fried professed his innocence following the collapse of FTX, an trade big that achieved a valuation of almost $32 billion solely two years in the past.
Bankman-Fried hopes to show that he was wrongly pressured out of business and believes he can repay all prospects, denying accusations of fraud.
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