Crypto Twitter Bashes FTX (FTT) – El Salvador’s Bukele and Billy Markus Fire Shots at SBF

Crypto Twitter Bashes FTX (FTT) - El Salvador’s Bukele & Billy Markus Fire Shots At SBF

As the FTX massacre continues to count bodies in this crypto winter, FTX former boss Sam Bankman-Fried keeps getting roasted on Twitter. Firstly, El Salvador’s President Nayib Bukele remarked that “Bitcoin’s (BTC) protocol was created precisely to prevent Ponzi schemes, bank runs, Enron’s, WorldCom’s, Bernie Madoff’s, Sam Bankman-Fried’s.”

On the other hand, SBF started his Monday morning with a couple of awkward tweets. “What” and “H.” It seemed like the notorious FTX founder got arrested in the middle of a sentence. On top of that, popular Twitter parody account “Greg” answered back with “When” and “D.”

The moral conduct of SBF was also questioned by Dogecoin (DOGE) founder Billy Markus, a.k.a Shibetoshi Nakamoto, who weighed in on the situation: “This sums the last week up”, only to be followed by Twitter CEO Elon Musk’s “Damn!”.

Bahamas Police Goes Ballistic On FTX

FTX went quickly from the second largest crypto platform around the globe to ruins, with an economy in dire straits. Today, The Royal Bahamas Police Force joined forces with the Securities Commission of the Bahamas (SCB) to launch a probe on FTX and Alameda, right after SCB froze the digital assets of FTX on Thursday. Besides, the embattled FTX crypto exchange signed the papers for Chapter 11 bankruptcy on November 11th, 2022.

Crypto World Faces More Confrontation

As if that wasn’t enough, FTX platform’s native token FTX (FTT) hit the skids today with 24.4% in the red, right after being delisted by Binance and unranked on CoinGecko. However, the Estonian crypto platform WhiteBit did a number on Binance today by announcing their intention to delist BNB (BNB). Previously, Tallinn-based WhiteBit made a name for themselves when they bought the Eurovision Song Contest Trophy from Kalush Orchestra for a generous $900,000.

At press time, FTX (FTT) trades at $1.44 according to CoinGecko. This marks a 93.6% deficit in the last seven days, with the FTX breakdown resembling a scene from The Office. Addressing this, Sam Bankman-Fried dropped a few hollow apologies on Twitter and promised to “do right by users.”

On the Flipside

Why You Should Care

FTX filed for Chapter 11 bankruptcy on November 11th, 2022, citing $1.7 billion of clients’ funds missing. Many popular cryptocurrencies were affected by the breakdown, including Bitcoin (BTC), Solana (SOL), DOGE, and others, with another $477 of what was left of FTX’s funds hacked on Saturday morning.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

Author

Tadas Klimasevskis is an author & reporter, focusing on the latest tendencies of the crypto galaxy. Tadas spends his time digging deeper into specific areas like coins such as Shiba Inu (SHIB) & Dogecoin (DOGE), music NFTs, sports NFTs, digital art, and Pop culture in Web 3.0. Tadas strongly believes in crypto as disruptive innovation and keeps an eye out for new crypto hubs being developed around the globe. His vast experience in social media lets him quickly spot what’s going on in the mercurial world of crypto and deliver stories with unique spins. He has been active in blockchain and cryptocurrencies since 2019.