Twitter is not taking the FTX debacle lightly, or (if we're being honest) entirely truthfully.
Events are unfolding fast as the cryptocurrency market is rocked again, this time by FTX. Facts and non-facts are hard to sort out under these conditions, especially since both seem to be depegged from believability at times. “Where’s the money?” and “Who’s to blame?” are popular talking points. Some of the information appearing is indisputably false, or at least highly speculative.
The situation has given rise to the opportunity to tell wild tales, such as this tweet that appeared on Nov 10:Rumors are not always harmless, as became clear when Tetherthat FTX and Alameda were trying to short the stablecoin. Tether denied having any exposure to Alameda or FTX. The current status of withdrawals from FTX has also been a source of confusion, possibly because the status of withdrawals remains confusing in real life. FTX is not using “the normal process of queueing withdrawals,” an observer1. They're prioritizing friends and family
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