Former employees at bankrupt crypto exchange FTX_Official say they were encouraged to use the now-insolvent platform as a bank, and even to invest their life savings there. cheyenneligon reports
at a 50% discount, which the company promised to match up to $250,000 – a deal that was allegedly heavily promoted internally. That equity, along with other employee funds was then allegedly stored on the FTX platform.
A former employee confirmed the veracity of Autism Capital’s allegations, and provided CoinDesk with a screenshot of an internal spreadsheet that appears to show FTX employees’ holdings as part of a larger list of investments in the platform. It is currently unclear whether any employees were able to withdraw their funds from the exchange before withdrawals were halted.“For me, all I could feel was rage and white, hot anger as Sam and those around him wouldn’t even give these people the fucking courtesy of a message on Slack to give them any explanation for what they could expect,” Whittemore said.
“It wasn’t just … that Sam and a small group around him perpetrated fraud, which they did,” Whittemore added. “From the moment the fraud was called out and the market started to react, every single ounce of their effort went into self preservation,” he added. “It was callous, cruel and utterly devoid of any genuine human consideration.”Read more about
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