FatMan, a cryptocurrency and finance researcher from Terra Research Forum, reveals on Twitter that FTX has manipulated the Voyager assets auction in order to secure the winning bid.
According to FatMan, the manipulation was done to delay the recall of Voyager's loans to FTX and Alameda, which would have exposed FTX's former CEO Sam Bankman-Fried's fraudulent practices much earlier.
"In September, articles citing unnamed sources were released describing CFIUS concerns with Binance's Voyager bid. Information has been shared with me indicating that these concerns were baseless, proliferated by M Group Communications, which was FTX's PR firm at the time. Brian Brooks, scorned ex-CEO of Binance US (fired by CZ), who has been working with Reuters to generate hit pieces, is also on the Voyager board. He has coincidentally been receiving sweetheart deals with FTX, such as paid speaking gigs in the Bahamas." FatMan said. "The Brian Brooks link to the auction is speculative, but industry insiders believe it was likely another tactic employed by FTX." He added.
FatMan further explained why Sam Bankman-Fried was desperate to "bail out" Voyager, "SBF was looking to bail out firms left and right. But why? Why put yourself in the spotlight when you yourself are deeply insolvent? Today, we have an answer - self-preservation. Winning the Voyager bid was a key milestone in keeping up appearances. What would have happened if someone else won the auction? Voyager's estate would have recalled FTX/Alameda's loans. At that point, the house of cards would have crumbled, and the FTT solvency charade would have been exposed. "
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