On January 9, 2021, Sam Bankman-Fried tweeted: I’ll buy as much SOL has you have, right now, at $3. On the other hand, Junstin Sun also tweeted: I’ll buy as much SUN has you have, right now, at $0.03.
FTX, once a leading cryptocurrency exchange founded by Sam Bankman-Fried, collapsed in late 2022 due to financial mismanagement, fraud, and a severe liquidity crisis. The downfall began when it was revealed that FTX had been funneling customer funds to its sister company, Alameda Research, which made risky trades and suffered heavy losses. A report exposing Alameda’s reliance on FTT, FTX’s native token, triggered a mass withdrawal of funds, leading to FTX’s insolvency. Unable to meet withdrawal demands, FTX filed for bankruptcy in November 2022, and SBF, along with other executives, faced multiple charges, including fraud, marking a significant moment in the history of cryptocurrency.
For the haters and those who deliberately spread rumors against us, I'll buy as much SUN has you have, right now, at $0.03. Sell me all you want. Then go fk off.
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 30, 2024
I'll buy as much SOL has you have, right now, at $3.
— SBF (@SBF_FTX) January 9, 2021
Sell me all you want.
Then go fuck off.
