SBF: “My #1 Priority Is Doing Right By FTX Users”

In a recent tweet, SBF (FTX CEO) affirmed that fund activity will be increased to deal with the current difficulties and FTX users’ right is the first priority at this time.

He also stated that:

“[THIS IS ABOUT THE NON-US EXCHANGE FTX INTERNATIONAL. FTX US USERS ARE ALRIGHT! ] [ALL OF THESE NUMBERS SHOULD BE CONSIDERED ROUGH. APPROXIMATIONS ARE USED HERE.]

FTX International‘s total market value of assets/collateral is now more than customer deposits. However, this is not the same as liquidity for delivery from the state of withdrawals. The liquidity ranges from very high to very low.

He also said emphatically that the rights of FTX customers will be his first focus. The team is trying to increase liquidity so that “every cent of the existing collateral will flow directly to users.”

SBF reported that Alameda Research is closing down trade. Alameda Research will no longer trade on FTX in the future.

The “battle” between the two “Big Guys” has had a significant impact on the Crypto market. We have no idea what will happen in the upcoming weeks.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Chubbi

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