Leaked slack messages show SBF plan to raise funds for FTX bailout Leaked slack messages show SBF plan to raise funds for FTX bailout
The FTX founder took a dig at Binance, saying the exchange did not plan to go through with the acquisition deal.
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Updated: Oct. 9, 2023 at 5:00 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Crypto influencer Cobie posted leaked messages allegedly sent by Sam Bankman-Fried to FTX staff on the exchange’s slack channel, detailing his plans for the coming week.
A msg from SBF on FTX slack that got leaked to me by some telegram anon, have verified its real w another pic.twitter.com/XMjIM9nSkx
— Cobie (@cobie) November 10, 2022
In the leaked messages, SBF stated that the exchange would be conducting a raise next week and would use the funds to make customers and investors whole.
The message also mentioned the recent announcements by Justin Sun that all TRON tokens are now available for trading on the FTX exchange. SBF noted that this is part of the potential raise.
While not much information was given about the raise, SBF noted that it:
“May end up being a combined FTX Intl + FTX US infusion, but I don’t want to be overconfident there.”
However, the possibility of FTX raising enough funds remains very much in doubt, especially as there are still a lot of unknowns about what caused the liquidity crunch.
The message also discussed plans for FTX going forward, including the fact that there would be no new signups on the platform and plans to address customers’ agitations through its support channels.
Many in the Twitter community believe that SBF might be behind the leaking of the messages. The general reaction to the announcement is negative as they see it as an attempt to buy time.
Meanwhile, SBF also took a subtle dig at Binance in the messages saying that the rival exchange probably never planned to go through with the deal.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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FTX
FTX is a defunct cryptocurrency exchange, currently in bankruptcy proceedings, that was founded by Sam Bankman-Fried and Zixiao “Gary” Wang in May 2019.
FTX US Derivatives
FTX US Derivatives is a digital currency futures and options exchange and clearinghouse regulated by the US Commodity Futures Trading Commission (CFTC).
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Sam Bankman-Fried is the former CEO, and co-founder of defunct crypto exchange FTX and Alameda Research.