Sam Bankman-Fried says “the clearest way to help protect investors is to provide transparency and prevent scams.” While he has been dumping on retail for time. Ironic.
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 | Lets go through a few of the tokens SBF and his friends at FTX have dumped on retail, and go through some of FTXs shady deals. Big Data Protocol This token once acquired 10% of all DeFi TVL in a single weekend, with over $6B in total value locked. ~$1B of the TVL belonged to Alameda, who dumped it relentlessly on plebs. From $114M mcap down to just $581K today. The next one is one I'm sure many of us know of or the very least have heard of it. Stargate. The Alameda team sniped the $25M auction in the first block, and claimed they won’t be selling for “at least” three years. A short time after they secretly sent 8.4M STG to FTX & Binance. From $4.14 down to $0.42 today. In early 2021, Alameda reached out to Reef for a large investment at a 20% discount Reef agreed, sending $20M worth to Alameda, which was immediately sent to Binance Then, they asked for an additional $60M which the team denied. Alameda then threatened to remove Reef from FTX Credit to https://twitter.com/CroissantEth/status/1583279221853794304 [link] [comments] |
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