Cryptonews Blockchain evidence shows that FTX’s FTT token combined with trading losses both hid and worsened the financial condition of Sam Bankman-Fried’s empire
Blockchain analytics firm Nansen found evidence on the blockchain that FTX’s FTT token combined with trading losses to both hide and worsen the financial condition of Sam Bankman-Fried’s empire.
Instead, Nansen makes an argument that malfeasance brought the companies down, not bad luck or poor management. While its conclusions — reached solely from on-chain analysis — are never portrayed as conclusive, they do fit right in with comments made by the restructuring expert brought in to guide the 130-odd companies in Bankman-Fried’s FTX Group through bankruptcy.on Nov.
Nansen pointed to rumors that “FTX was only really started to raise funds for Alameda and the two colluded from the very beginning.”
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