Terra-LUNA informant, “FatMan,” presents an intriguing elaboration on the ongoing FTX-Voyager saga. The news media headlines are indeed filled with Binance and others lining-up now as potential Voyager bidders in the post-FTX world.
But FatMan unveils an interesting inside scoop, courtesy of their accessible industry insiders. Presenting their insider insights on the issue, FatMan tweeted:
🧵 A verified insider has confirmed that FTX manipulated the Voyager assets auction in order to secure the winning bid. This was done to delay the recall of Voyager's loans to FTX & Alameda, which would have exposed SBF's fraudulent practices much earlier. More details below.
— FatMan (@FatManTerra) November 25, 2022
Through verified insiders, FatMan reveals that the Voyager assets’ auction was manipulated by FTX to win the bid.
The intention was to get more time on repaying loans made to FTX and Alameda by Voyager. The underlying ominous objective was to delay unearthing SBF’s wrongdoings.
FatMan states that the September articles referring to The Committee on Foreign Investment in the United States’ (CFIUS) concerns over Binance’s Voyager bid were baseless.
Courtesy of M Group Communications (FTX’s former PR firm), these untrue articles emanated from unnamed sources.
Central to the revelation also is Brian Brooks, the despised ex-CEO of Binance US (fired by Changpeng Zhao or CZ Binance, co-founder and CEO, Binance). How, you might wonder?
Well, simply because Mr. Brooks also presided over Voyager’s board. During the time, he was operational with Reuters on producing (make-believe) article pieces.
In return, Mr. Brooks used to get alluring deals from FTX, including “paid speaking gigs in the Bahamas,” per FatMan tweets. Although FatMan clearly states that the aspect of Mr. Brooks’ involvement in the auction is “speculative,” but opines it to be just another FTX tactic,
FatMan also clarifies that the claims about “FTX publicly manipulating the Voyager bidding process,” and “the real motive behind SBF’s bailout,” are fully-verified.
SBF’s covert intention behind resorting on a streak to bail-out firms was “self-preservation,” per FatMan. Winning the Voyager bid was a core cornerstone.
In case the said Voyager auction was won by any other entity, the estate of Voyager would have recalled the loans made to FTX and Alameda.
This would have exposed the FTT solvency circus. That’s why SBF chose to “bail-out” Voyager, FatMan reasons.
Alameda Research, in a July 8 tweet, expressed eagerness to receive their collateral back from Voyager by paying the loan amount:
happy to return the Voyager loan and get our collateral back whenever works for voyager
— Alameda Research (@AlamedaResearch) July 8, 2022
Whereas, on November 6, Alameda CEO, Caroline Ellison, with the “same energy,” sent a message to CZ Binance via a tweet:
@cz_binance if you're looking to minimize the market impact on your FTT sales, Alameda will happily buy it all from you today at $22!
— Caroline (@carolinecapital) November 6, 2022
Meanwhile, the US arm of the world’s largest cryptocurrency exchange, Binance, is now bracing to submit revised bids for Voyager Digital, per reports.
While earlier FTX was one of the Voyager bidders, it’s not playing the crypto game anymore, no wonder why.
