FTX and the end of an era

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The fall of FTX will go down in history as something similar to the crash of 2008.
On Friday, 11/11/2022, a court-supervised reorganization was requested, the first step towards filing for bankruptcy.

In this chart, we can see the balance of assets belonging to the hodlers of the FTT token, used on the FTX exchange.
Surreptitiously, on September 26, someone with inside information already knew the boat was going to sink.
And these managed to get a lifeboat before everyone else...

This can be proven by comparing the same type of chart in other cryptocurrencies, where nothing absurdly out of the ordinary is noticed:

BTC
syot kilat

ETH
syot kilat

AAVE
syot kilat

ADA
syot kilat

BUSD (Binance)
syot kilat

COINEX
syot kilat

Curve
syot kilat

dYDX
syot kilat

GUSD (Gemini)
syot kilat

HT (Huobi)
syot kilat

HUSD (Huobi)
syot kilat

KCS (Kucooin)
syot kilat

CRO
syot kilat

Polygon
syot kilat

Magic Internet Money
syot kilat

OKB (OKX)
syot kilat

QuickSwap (Polygon)
syot kilat

USDC
syot kilat

USDT
syot kilat

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Another indicator that demonstrates the problem to come is the Volume of transactions with a value of $100,000 or greater in USD.
On FTX’s FTT token, there was a strangely unusual volume, ahead of other cryptocurrencies:

FTT
syot kilat

BTC
syot kilat

ETH
syot kilat

USDC (note that high volume happened just days later, in the desperation of multiple withdrawals and moves)
syot kilat

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The Amount of asset held by Whales is another indicator that I bring here to compare some exchanges, but not all of them are available.

FTT (FTX)
syot kilat

BUSD (Binance) (this information does not exist for BNB)
syot kilat

Coinex
syot kilat

CRO
syot kilat

dYDX
syot kilat

GUSD (Gemini)
syot kilat

HT (Huobi) (⁉️)
syot kilat

HUSD (Huobi)
syot kilat

KCS (Kucoin)
syot kilat

OKB (OKX)
syot kilat

USDK (OKX)
syot kilat

Uniswap
syot kilat

Better times will come.

Penafian

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