Post
Topic
Board Speculation
Re: FTX recovered $7.3B in Assets and is considering restarting!
by
jackg
on 16/04/2023, 21:02:14 UTC
The only issue with this is that if assets such as SOL drop back down to <$10 then obviously they won't have $7.3B anymore. Since their largest holding is SOL with owning over 10% of the supply. Either way its a good win since many will get some of their assets back at least. Hopefully this wont be another MtGox which took over a decade.

I wonder if the bulk of this money is actually SOL and FTT as I could imagine it being.

Also I think the amount of sol they're holding is causing a large problem for that ecosystem and keeping the price low, there's a good chance they'll end up dumping or manipulating the market in some way because of how much they own (and how badly others have done in the space in not manipulating coins - binance and FTT for example).