Quote from: istiak2277 on November 21, 2022, 05:26:30 PM

I hope this users get his funds back. FTX rekt many users by creating fake contract. I saw they create Future position such a way that alamedas position will bever liquidate. So just thinking who paid for that money. Those must be users funds who never knows their own funds has been used against them. SBF should be in jail by now. FTX short position will never made a recovery.

Those contracts were basically leveraged contracts which were following the price on their perp futures platform. So basically they had a market.

When you opened a leverage token it would basically buys or sell the contracts on the perps market for whatever coin you wanted. And during the day it would keep the leverage balanced. And when you went to sell it, it would do the opposite.