Current Bitcoin Price

Friday, October 21, 2022

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.

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.

https://preview.redd.it/l7d0eg9zq3v91.png?width=1282&format=png&auto=webp&s=8736f9182a2942a5f10c6560782be088ac4b5691

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

https://preview.redd.it/oe1lx87ir3v91.png?width=1282&format=png&auto=webp&s=dd28d472f15024c625d09eb6ac9b1c5f6cbd0007

Credit to https://twitter.com/CroissantEth/status/1583279221853794304



Submitted October 21, 2022 at 01:26AM by Far-Scholar9028 https://ift.tt/luaIGXe https://ift.tt/Qc3sY42

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