FTX Sex Tape Leak: What’s Happening Now?

After much controversy erupted over a sex tape that allegedly involved Sam Bankman-Fried, the infamous founder of the FTX exchange, and Caroline Ellison, CEO of Alameda Research.

According to anonymous sources, there is a sex tape that exists between two parties at the helm of the companies involved in the current FTX implosion and indirectly sabotaging the entire crypto industry.

However, the Internet is divided on whether or not sex tapes exist. Some claim to have seen it, while the other side is simply joking and creating memes.

Here’s the full story.

FTX Sex Tape Background

Article published on November 16, 2022, FTX’s anonymous insider source claims to have alleged sex tape between two individuals, Alameda Research’s Sam Bankman Freed and Caroline Ellison Did.

An anonymous user published the same information on a website that was not supposed to be uncensored. The user also claimed to release the allegedly unedited and uncut sex tape on Friday, November 18, 2022. An anonymous user also says he will release the sex tape if the two individuals are not held accountable for her involvement in the ongoing FTX crash.

What is interesting, however, is that this information tends to contradict previous beliefs that many people already have copies of sex tapes and have seen them.

social media reaction

It’s been two days since the date the alleged sex tape was supposed to go public.

After the news about the FTX sex tape went viral, social media didn’t hold back. Many users created memes, and many expressed their satisfaction by talking about the memes as if they had seen a sex tape.

A poll by Twitter users said: “lol 🤣 Rumor has it that a sex tape of SBF and Caroline is coming out. This is terrible.disgusting 🤢 🤮. Who would disrespect such a person? True though. are you going to see it

It’s been two days since the date the sex tape was supposed to be released. However, it’s still unclear if this is just a hoax, a way to troll FTX and its founders, or if the sex tape actually exists not.

FTX Sex Tape Scandal: What’s in the Crypto?

According to cryptocurrency influencer and author @BigCheds, news of the alleged sex tape, combined with the widespread collapse surrounding the collapse of FTX, could mark the bottom.

After the release of the sex tape, there are many crypto influencers and experts who are signaling at the bottom of the crypto industry. This has resulted in many cryptocurrencies accumulating at very cheap prices, with BTC trading at $16,705 at the time of writing. This is one of the lowest prices since cryptocurrency gained post-pandemic momentum and a far cry from its 2021 peak of $68,000. .

The entire cryptocurrency industry is under pressure, not just Bitcoin. At the time of writing, cryptocurrency market capitalization has fallen from his 2021 peak of $2.5 trillion to his $763 billion.

FTX restructuring after the collapse

Since the day FTX filed for Chapter 11 bankruptcy, most people believe the exchange is completely gone.

But the new CEO, John Ray, who is spearheading FTX’s revival, is working to restructure the company.

Individuals working to rebuild the company from the chaos have publicly pointed out the mismanagement and misconduct within the organization that led to the whole mess.

Ray, who has previously researched the Enron bankruptcy case and has over 40 years of experience, said he’s never seen anything like FTX. The new CEO wrote in filings with the Delaware bankruptcy court:

“The integrity of the system has been compromised, and control over control in the hands of a very small group of individuals who may be inexperienced, unsophisticated, and potentially at risk from failures in regulatory oversight abroad. Until the concentration, this situation is unprecedented.”

Ray also pointed out how something as important as payment is done through the chat app, with supervisors approving payments with emojis.

In a statement made Saturday, Ray said FTX would sell or rebuild its global empire. “Based on last week’s review, we are pleased to learn that many regulated or licensed subsidiaries of FTX, both domestically and internationally, have solvent balance sheets, responsible management and valuable franchises,” said John. Ray III quoted. as they say.

Ray, who replaced Sam Bankman-Fried, previously said the priority is to consider divestments, capital raises and other strategic deals.

Conclusion: The FTX Story Continues

The FTX story continues with new updates coming in daily.

In recent events, regulators in the Bahamas have moved hundreds of millions of digital assets out of FTX into their own custody. This is because both the Bahamian courts and the US courts want to control bankruptcy proceedings.

The debate over the alleged sex tape remains lively, and the whole scenario looks very overwhelming to cryptocurrency investors.

As always recommended, investors should now look more closely at cryptocurrency exchanges and read their terms and conditions carefully. The scenario that happened with FTX has alarmed many investors. However, as things settle down, it is in the best interests of investors to HODL their cryptocurrency investments without looking for short-term gains.

Many other crypto projects have emerged to diversify the portfolio, including RobotEra, Calvaria (RIA) and IMPT.

Tools like Dash 2 Trade emerge to avoid scenarios like the FTX collapse. It is world-class crypto analytics and social trading people. In times like these, it has become an essential tool with institutional-level features to help investors make informed decisions.

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