BTC

$68575.382

-1.52%

ETH

$3853.476

-0.83%

BNB

$602.933

-0.12%

XRP

$0.528

-1.17%

News

Rumors About FTX Employees Can Invest In The Company At A 50% Discount

November 11, 2022 - Around 2 mins mins to read
There are some rumors that only a small group of senior leaders at FTX know the real situation, while the majority of employees do not.
Rumors About FTX Employees Can Invest In The Company At A 50% Discount

This small group consists of Sam Bankman-Fried’s team, who have worked with him since his early days and have a history of romantic relationships. Autism Capital has revealed a letter from a person said to be close to the current actual situation of the exchange.

The letter revealed many people have spent their life savings investing in FTX with returns of 100% overnight and 4-5x over a few years.

In addition, some information confirms the letter updated not long ago that the above incident is FALSE.

“It’s true that you could invest in FTX Intl for up to $250K at a 50% discount. You could also invest in FTX US at the market rate but there was no $250K cap on that. It was not heavily marketed to employees. The previous letter suggested it was as if Ramnik made this decision together with Sam I think this is false and that Ramnik was simply helping coordinate it,” the letter wrote.

In addition, the letter also mentions 2 Circles including individuals close to SBF who know well inside company information.

FTX is still facing the crisis and is expected to raise capital next week. If the rumor is confirmed, it will probably be a dark picture in the crypto industry.

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.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

FTT

FTX

Sam Bankman-Fried

SBF

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Rumors About FTX Employees Can Invest In The Company At A 50% Discount

There are some rumors that only a small group of senior leaders at FTX know the real situation, while the majority of employees do not.
Rumors About FTX Employees Can Invest In The Company At A 50% Discount

This small group consists of Sam Bankman-Fried’s team, who have worked with him since his early days and have a history of romantic relationships. Autism Capital has revealed a letter from a person said to be close to the current actual situation of the exchange.

The letter revealed many people have spent their life savings investing in FTX with returns of 100% overnight and 4-5x over a few years.

In addition, some information confirms the letter updated not long ago that the above incident is FALSE.

“It’s true that you could invest in FTX Intl for up to $250K at a 50% discount. You could also invest in FTX US at the market rate but there was no $250K cap on that. It was not heavily marketed to employees. The previous letter suggested it was as if Ramnik made this decision together with Sam I think this is false and that Ramnik was simply helping coordinate it,” the letter wrote.

In addition, the letter also mentions 2 Circles including individuals close to SBF who know well inside company information.

FTX is still facing the crisis and is expected to raise capital next week. If the rumor is confirmed, it will probably be a dark picture in the crypto industry.

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.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Visited 91 times, 1 visit(s) today