Bitcoin Magazine
💸👀 #HYPE Parsec: Within hours of the #Jelly incident, net outflows from Hyperliquid reached 140 million USDC. Over the past 30 days, Hyperliquid's USDC balance has shrunk from about $2.5 billion to $2.07 billion.
🤔 #HYPE CEO Bitget: Hyperliquid risks becoming FTX 2.0 after the #JELLY incident, which was handled unethically, causing user losses and raising integrity concerns. Operating like an offshore CEX with no KYC/AML, its forced JELLY market closure, mixed vaults, and unrestricted position sizes expose systemic risks, potentially leading to a catastrophic failure.
X (formerly Twitter)
Gracy Chen @Bitget (@GracyBitget) on X
#Hyperliquid may be on track to become #FTX 2.0.
The way it handled the $JELLY incident was immature, unethical, and unprofessional, triggering user losses and casting serious doubts over its int…
The way it handled the $JELLY incident was immature, unethical, and unprofessional, triggering user losses and casting serious doubts over its int…
👀 #FTX Sam Bankman-Fried has been moved from a New York detention center to a prison in Oklahoma City following an unauthorized interview with Tucker Carlson.
The transfer came weeks after the interview aired, where he discussed his time behind bars and alleged ties to Sean "Diddy" Combs. Reports suggest that after the interview, SBF, serving a 25-year sentence for FTX fraud, was placed in solitary confinement.
The transfer came weeks after the interview aired, where he discussed his time behind bars and alleged ties to Sean "Diddy" Combs. Reports suggest that after the interview, SBF, serving a 25-year sentence for FTX fraud, was placed in solitary confinement.
😇 #FTX Sam Bankman-Fried’s 25-year crypto fraud sentence could be cut by 4+ years with good behavior, co-conspirator Caroline Ellison is set for release in May 2026.
📊 $XRP’s MVRV ratio has plunged to negative 41%, marking its lowest point since the #FTX fallout and pointing to a potential value entry zone.
⚖️ #FTT #FTX CZ: SBF Asked for a $6B Bailout as Casually as Ordering a Sandwich
Binance founder Changpeng Zhao (CZ) revealed in an April 14 interview with Fox Business that just before FTX's collapse, SBF casually requested a bailout, fluctuating the amount from $2 billion to $6 billion. CZ emphasized that very few individuals have such significant cash readily available, characterizing the situation as rife with lies and fraud.
He also shared his experience of writing a book in prison under challenging conditions, including using a terminal with limited functionality and a strict character limit, which ultimately helped him complete the initial draft of his new book.
Binance founder Changpeng Zhao (CZ) revealed in an April 14 interview with Fox Business that just before FTX's collapse, SBF casually requested a bailout, fluctuating the amount from $2 billion to $6 billion. CZ emphasized that very few individuals have such significant cash readily available, characterizing the situation as rife with lies and fraud.
He also shared his experience of writing a book in prison under challenging conditions, including using a terminal with limited functionality and a strict character limit, which ultimately helped him complete the initial draft of his new book.
🇺🇸🕵️ #FTX The U.S. government moved $800K in seized Alameda funds tied to the FTX estate.