Coinbase’s CEO says the FTX and Sam Bankman-Fried saga has been a “turning point” for citizen journalism, a sentiment echoed by Elon Musk and others in the Crypto Twitter community.
), representing approximately 17% of the circulating supply and valued at $584.8 million at the time, had been moved onto Binance.
This event turned out to be one of the first signs of FTX’s liquidity crises, a story that was not pickednews of the FTX hack , with the movements of funds to different wallets being closely tracked by Twitter users who deduced it was a hack hours before FTX’s official announcement. Twitter Spaces has also become home to"The Roundtable Show," a gathering of crypto community members hosted by Mario Nawfal which has been providing live updates and commentary on the FTX saga as it develops with figures such as Musk, BankToTheFuture CEO Simon Dixon, and internet entrepreneur Kim Dotcom who have joined with 891,499 people tuning in.
Twitter users also pointed to Bankman-Fried's private jet leaving The Bahamas for Argentina on Nov. 12 and speculated he was fleeing there,
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