The crypto neighborhood continues to be bombarded with rumors and conspiracy coming into into the fifth day of FTX’s fall.
From stories that Sam Bankman-Fried (SBF) was arrested on the tarmac on the Bahamas airport to rumors that workers of the trade are attempting to promote the corporate’s belongings, it has been very tough for the neighborhood to separate reality from fiction.
PAULY.SOL, the founding father of the nonfungible token (NFT) venture Not Larva Labs was one of many first to spur rumors of SBF’s arrest. The NFT founder retweeted a publish of a Flightradar24 map that reported a non-public jet to have been grounded for round 40-minutes whereas on the way in which to Miami from Nassau — the capital of Bahamas the place FTX is headquartered.
this non-public jet has been grounded for 40 minutes on path to Miami https://t.co/L3e4wFFiCs pic.twitter.com/4yAli4yojh
— (@ethstash) November 10, 2022
Many neighborhood members replied to the thread with footage of SBF edited into police arrests, highlighting the potential of the non-public jet transporting the FTX CEO. Regardless of this, there was no affirmation that that is certainly SBF.
In the meantime, a report citing nameless sources talked about that workers of the collapsing trade are working to try to promote the corporate’s belongings whereas their CEO is away. The belongings reportedly embrace the stock-clearing platform Embed and naming rights to the FTX enviornment in Miami.
Other than these, a publish on social media claimed that many FTX workers have invested their life financial savings within the firm due to their confidence in SBF. Nonetheless, the staff now worry that their funds have been despatched to Alameda Analysis. As well as, a report citing nameless sources has additionally claimed that SBF has been promoting fairness at a 50% low cost to the trade’s workers again within the spring.
Whereas the rumors proceed to spur panic inside the crypto market, a variety of the knowledge popping out of social media and varied stories are unconfirmed info from nameless sources.
Associated: FTX disaster feeds the Twitter rumor mill with scorching takes and conspiracy theories
In the meantime, an official media launch from the Securities Fee of The Bahamas (SCB) highlighted that the federal government company has frozen the belongings of FTX. Based on the SCB, it’s going to protect the corporate’s belongings and stabilize the corporate by placing it into provisional liquidation, a mechanism put into motion in case of company insolvency.
Extra reporting by Brayden Lindrea
