A crypto neighborhood member on X has questioned the authenticity of publicly out there info regarding the defunct FTX cryptocurrency alternate and its native token, FTT. The crypto person highlighted FTX’s valuation in comparison with publicly traded corporations, regardless of its chapter.
In response to market contributors, FTX remains to be price as a lot as these publically traded corporations… pic.twitter.com/VHxbKnOWMa
— 𝕁𝕠𝕤𝕙 𝕁𝕒𝕣𝕣𝕖𝕥𝕥 (@nohardforks) October 23, 2024
Citing a ballot in regards to the ratio between American women and men concerned in playing, the crypto neighborhood member questioned the methodology used to conduct the train. In response to the ballot outcome, the ratio between American women and men concerned in playing is almost 2:1. A report hooked up to the ballot famous that extra males gamble as a result of they’re extra prone to make impulsive selections and take dangers.
The person questioned if gender alone might clarify the distinction between market knowledge and ballot outcomes. They then in contrast the ballot to FTX’s public knowledge, which exhibits stunning worth for FTT, the alternate’s token. Citing knowledge from an unnamed prediction market, the person confirmed that FTT was buying and selling at $2.03.
FTX Valuation Raises Issues Regardless of Chapter
Past the token’s worth, the crypto customers’ shared knowledge revealed FTT retained a 17.65% all-time revenue regardless of FTX’s chapter standing. The person identified a disclaimer on the platform stating that FTX chapter proceedings are underway and that the FTT token could also be liquidated to pay collectors, rendering it ineffective.
Learn additionally: FTX Repayments Set for Put up-Election December seventh—Crypto Awaits a Rally
Notably, the crypto customers’ posts aimed to focus on the potential inaccuracy of publicly displayed info, particularly these obtained from the prediction markets. As an illustration, the person confirmed how the displayed knowledge rated FTX, in its bankrupt state, larger than some publicly traded corporations, together with Scholastic Company (SCHL), Southern Missouri Bancorp, Inc. (SMBC), Avid Bioservices, Inc (CDMO), and Horizon Bancorp, Inc. (HBNC).
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