FTX Founder's Asset Claims Resurface Amid Ethereum Whale Accumulation and Rally Hopes
FTX Founder's Asset Claims Resurface Amid Ethereum Whale Accumulation and Rally Hopes
Former FTX CEO Sam Bankman-Fried (SBF), speaking through a monitored social media account, has claimed that most of the $10 billion in customer assets were never truly lost, despite his conviction for misusing funds. Meanwhile, the Ethereum market is showing strong signs of renewed bullish activity. ETH has surpassed the $3,500 mark, with significant buying pressure from large investors ('whales') suggesting strategic positioning and a potential rally for the leading altcoin.
FTX Founder Sam Bankman-Fried Addresses Customer Crypto
Through a monitored X social media account managed by a friend, FTX founder Sam Bankman-Fried has shared new details about what happened to users’ crypto after he was incarcerated for misusing funds, which led to the loss of approximately $10 billion in customer deposits. SBF claims that most customer assets were never lost.
Ethereum Whales Accumulate, Signaling Potential Rally
While Ethereum has moved back above the $3,500 price mark, renewed buying pressure is being observed around the leading digital asset. Both small and big investors or traders are starting to purchase the altcoin at a rapid rate, pointing to a strategic positioning of the investors. Top-Tier Investors Are Steadily Buying ETH following recent market movements, suggesting a rally may be on the way.