๐จ Attention! Nansen analysts reveal details about the collapse of FTX and the transfer of $4.1 billion in FTT tokens between FTX and Alameda Research. ๐ฎ
๐ Nansen's report shows suspicious on-chain interactions between FTX and Alameda before the reports that triggered FTX's collapse became known.
๐ On-chain data indicates that FTX had around 280 million FTT (80%) of the total supply of 350 million FTT.
๐ฐ Nansen suggests that the two companies controlled around 90% of the FTT token supply, allowing them to support their balance sheets.
๐ The report also suggests that Alameda likely sold FTT tokens in over-the-counter transactions and as collateral for loans from cryptocurrency lending companies.
๐ The collapse of Terra/LUNA and the bankruptcy of 3 Arrows Capital (3AC) likely led to liquidity problems for Alameda due to the drop in value of FTT, which led to a $4 billion covert loan backed by FTT from FTX.
๐ฃ๏ธ Tell us your opinions in the comments! What do you think will happen with FTX and Alameda Research?
๐ Nansen's report shows suspicious on-chain interactions between FTX and Alameda before the reports that triggered FTX's collapse became known.
๐ On-chain data indicates that FTX had around 280 million FTT (80%) of the total supply of 350 million FTT.
๐ฐ Nansen suggests that the two companies controlled around 90% of the FTT token supply, allowing them to support their balance sheets.
๐ The report also suggests that Alameda likely sold FTT tokens in over-the-counter transactions and as collateral for loans from cryptocurrency lending companies.
๐ The collapse of Terra/LUNA and the bankruptcy of 3 Arrows Capital (3AC) likely led to liquidity problems for Alameda due to the drop in value of FTT, which led to a $4 billion covert loan backed by FTT from FTX.
๐ฃ๏ธ Tell us your opinions in the comments! What do you think will happen with FTX and Alameda Research?