lol all this caused by coindesk, started as some bullsht clickbait article - hi slow news day so lets see...we think alameda is holding lots ftt tokens...just saying. --> market total panic: oh sht! fuk!! if ftt price drops then alameda is fked with margin calls, and yeah ftx is the lender to alameda so it's fked too, just pulling all this predictions out of my ass --> panic panic, sell ftt and cause price drop to self fulfill its prediction --> binance: haha let me pour some gas on fire, we will sell all ftt too -> PANIC PANIC, ftt price crashes --> FTX/alameda: wtf just happened, oh you fking idiots just created a run out of thin air...fk now we are really in trouble.... fuckkkkk
that's pretty much the summary, gotta love crypto.
But coindest was also telling the truth about that, we will not even know the fact if coindest was not even calling for click bait for people to did some deeply research about that. The main problem is also FTX has been using its customer funds to did invest in anything.
I can't even remember how many projects being invested by alameda and this VC is the most active VC. it's pretty much the same like 3AC which already collapse.
Alamda may become the new VC that will collapse very soon. Alameda is trying to liquidate all of its current holding now. Any project being cooperated with alameda was also facing serious problem.
Solana will be facing a big problem caused by there will very big amounts of sol will be dumped probably by alameda. People are in protests to get their money as soon as possible.