In light of the ongoing FTT Alameda tussle, a crypto enthusiast reported on November 9, 2022, that the health of the FTX boss was in bad shape before the whole fiasco started.
https://twitter.com/trading_vapor/status/1590253835263836160
The crypto trader and enthusiast that goes by the name Vapor on Twitter made this announcement on his Twitter page in the early hours of the day.
He further said that Sam Bankman Fried had become translucent and was shaking on podcasts, which was unusual.
To back his claim, he showed a before and after picture of the CEO, which pointed out the change in shape and physique.
Another user that goes by the name Bitcoin vs. Gold on Twitter shares the same sentiment with Vapor but in a somewhat sarcastic way.
The user compared Sam Bankman Fried to the CEO of Mt. Gox, Mark Karpeles, who was also charged with mismanaging the funds of users and subsequently sent to jail.
Mark had suddenly gained weight before his operation was blown and after he was sent to a suspended year in jail.
The FTT Alameda case continues to bring both platforms down, as many investors have withdrawn by selling their stakes and liquidating their assets.
As of November 9, 2022, all FTX-related websites have gone dark and inaccessible; a day earlier, users could not withdraw their funds from the platform.
Binance boss Changpeng Zhao who had earlier announced liquidations of their FTT assets, also said in a tweet on November 8 that FTX CEO reached out to him to save the platform from crashing.
In the tweet, he said that Binance would take ownership of FTX, and plans are already in motion to seal the deal.
However, Binance announced on November 9 that it was backing out of the deal, according to a spokesperson.
The main reason was that FTX was recently accused of mismanaging customers’ funds, and they are allegedly under investigation by a US agency. For these reasons, Binance stated in the announcement that there was nothing they could do to help as it was now beyond their capacity.
Things are looking bad for both FTX and Alameda and could result in what one Twitter user called a “Celsius-style crash.”
