Cointime

Download App
iOS & Android

Terra Researcher: FTX Publicly Manipulated the Voyager Bidding Process

Cointime Official

FatMan, a cryptocurrency and finance researcher from Terra Research Forum, reveals on Twitter  that FTX has manipulated the Voyager assets auction in order to secure the winning bid.

According to FatMan, the manipulation was done to delay the recall of Voyager's loans to FTX and Alameda, which would have exposed FTX's former CEO Sam Bankman-Fried's fraudulent practices much earlier. 

"In September, articles citing unnamed sources were released describing CFIUS concerns with Binance's Voyager bid. Information has been shared with me indicating that these concerns were baseless, proliferated by M Group Communications, which was FTX's PR firm at the time. Brian Brooks, scorned ex-CEO of Binance US (fired by CZ), who has been working with Reuters to generate hit pieces, is also on the Voyager board. He has coincidentally been receiving sweetheart deals with FTX, such as paid speaking gigs in the Bahamas." FatMan said. "The Brian Brooks link to the auction is speculative, but industry insiders believe it was likely another tactic employed by FTX." He added.

FatMan further explained why Sam Bankman-Fried was desperate to "bail out" Voyager, "SBF was looking to bail out firms left and right. But why? Why put yourself in the spotlight when you yourself are deeply insolvent? Today, we have an answer - self-preservation. Winning the Voyager bid was a key milestone in keeping up appearances. What would have happened if someone else won the auction? Voyager's estate would have recalled FTX/Alameda's loans. At that point, the house of cards would have crumbled, and the FTT solvency charade would have been exposed. "

FTX
Comments

All Comments

Recommended for you

  • Trump States He Will Not Use Nuclear Weapons Against Iran

    On April 24, according to CCTV International News, during an event at the White House on the afternoon of April 23, U.S. President Trump told the media that he could reach an agreement with Iran right now, but he wants the agreement to be 'permanent,' ensuring that Iran never has the chance to possess nuclear weapons. Therefore, he does not want to rush. Trump stated, 'There is plenty of time,' 'there is absolutely no pressure,' and 'the real pressure is on Iran,' which is unable to restore oil transportation under U.S. maritime blockade. He added that if Iran does not want to reach an agreement, he would 'complete the remaining tasks through military means.' When asked if he would consider using nuclear weapons against Iran, Trump replied, 'No,' and stated that even without launching a nuclear strike, the U.S. has already 'completely destroyed' Iran. When pressed by reporters on why the conflict was not resolved within the initially stated 4 to 6 weeks, Trump repeatedly mentioned that the U.S. fought in the Vietnam War for 18 years, and claimed that the U.S. had actually 'militarily taken down Iran' within 6 weeks; now it is just a matter of 'both sides taking a break.' (Dongxin News Agency)

  • BTC Rises Above $78,000

    Market data shows that BTC has risen above $78,000, currently priced at $78,118, with a 24-hour decline narrowing to 0.82%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $77,000

    Market data shows that BTC has fallen below $77,000, currently priced at $76,983.55, with a 24-hour decline of 2.36%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Israel Claims It Is Ready to Restart War with Iran

    On April 23, Israeli Defense Minister Katz stated at the end of a situation assessment that Israel is prepared to restart the war with Iran, 'just waiting for the green light from the United States.' (CCTV News)

  • Iranian Source: Breakthrough in Iran-US Negotiation Preparations Possible 'Tonight or Tomorrow'

    On April 23, an Iranian diplomatic source told RIA Novosti that preparations for negotiations between Iran and the United States in Pakistan may achieve a breakthrough 'tonight or tomorrow.' (Xinhua News Agency)

  • Anthropic's Secondary Market Valuation Reaches $1 Trillion, Surpassing OpenAI

    On April 23, Anthropic's valuation on private equity trading platforms like Forge Global has risen to around $1 trillion, surpassing OpenAI's $880 billion. It is reported that the valuation of this artificial intelligence startup has rapidly increased due to buyers competing to purchase the increasingly scarce secondary market shares of Anthropic. (Dongxin News Agency)

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,000.81, with a 24-hour decline of 0.14%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Bitmine Allegedly Acquires 100,000 ETH Worth $233.7 Million

    On April 23, according to monitoring by Lookonchain, three new addresses suspected to be associated with Tom Lee's Bitmine (0xB6a8...9c9E, 0xc2e0...2831, 0x4e5C...276c) received 100,000 ETH from BitGo, valued at $233.7 million.

  • Musk: AI Chip Shortage Expected in the Future

    On April 23, Tesla CEO Elon Musk stated during an earnings call that the company initiated the Terafab chip factory project due to an anticipated severe shortage of AI chips in the future. He remarked, "In terms of industry growth rates, logic chips, and even more so storage chips, we expect to encounter bottlenecks if we do not manufacture chips ourselves. This is the reason for the birth of Terafab." (Dongxin News Agency)

  • US Spot Bitcoin ETF Sees Net Inflow of $331.9 Million Yesterday

    On April 23, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net inflow of $331.9 million yesterday.