{"id":5380,"date":"2022-07-25T04:05:44","date_gmt":"2022-07-25T04:05:44","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/07\/25\/ftx-ceo-sam-bankman-fried-accuses-voyager-of-slowly-bleeding-customers-frozen-assets\/"},"modified":"2022-07-25T04:05:44","modified_gmt":"2022-07-25T04:05:44","slug":"ftx-ceo-sam-bankman-fried-accuses-voyager-of-slowly-bleeding-customers-frozen-assets","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/07\/25\/ftx-ceo-sam-bankman-fried-accuses-voyager-of-slowly-bleeding-customers-frozen-assets\/","title":{"rendered":"FTX CEO Sam Bankman-Fried Accuses Voyager of Slowly Bleeding Customers Frozen Assets"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/ftx-ceo-sam-bankman-fried-accuses-voyager-of-slowly-bleeding-customers-frozen-assets\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>A brand new battle has emerged between troubled crypto lender Voyager Digital and crypto alternate FTX. On Sunday, July 24, Voyager rejected the <a href=\"https:\/\/coingape.com\/voyager-digital-outrightly-reject-ftxs-buyout-offer-calling-it-a-low-ball-bid\/\" target=\"_blank\" rel=\"noopener\">buyout proposal<\/a> from FTX calling it a \u201clow-ball bid\u201d in addition to \u2018misleading and outright false claims\u2019.<\/p>\n<div class=\"quads-location quads-ad90952 \" id=\"quads-ad90952\" style=\"float:none;margin:0px 0 0px 0;text-align:center;padding:0px 0 0px 0;\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=647x80;setID=509734\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"647\" height=\"80\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"647\" height=\"80\"\/><\/noscript><\/a>\n<\/div>\n<p>FTX chief Sam Bankman-Fried has lashed out at Voyager explaining how the troubled crypto is making an attempt to bleed clients cash. Voyager mentioned that it nonetheless holds a majority of the shoppers\u2019 belongings to which FTX requested then why haven\u2019t these been returned to clients but?<\/p>\n<p>As per the FTX chief SBF, Voyager ought to first return all of the belongings to clients and the remainder if Three Arrows Capital (3AC) pays again sooner or later. In kind-off an accusation on Voyager, Bankman-Fried explains the rationale saying:<\/p>\n<blockquote>\n<p>Well, the *conventional* course of is that earlier than clients get their belongings again, they get fucked. First, there\u2019s an extended, drawn out course of, throughout which funds are frozen. It can take years. Remember Mt. Gox? That course of is *nonetheless occurring*.<\/p>\n<p>Meanwhile, that whole time, numerous chapter brokers are slowly bleeding the client\u2019s frozen belongings dry with consulting charges. This can value clients lots of of tens of millions of {dollars} by the point all is alleged and accomplished.<\/p>\n<\/blockquote>\n<h3>SBF Explains Customer Is At the Losing End, FTX Solves It<\/h3>\n<p>SBF explains that suppose the client holds 1 BTC with Voyager at round $30K. Also, the chapter proceedings can take years. In this case, clients get both 1 BTC or $30K whichever is decrease. Thus, he says that the client is more likely to lose in the long term.<\/p>\n<p>He mentioned {that a} low of third events have been making an attempt to bid as little as $0.10 on the Dollars for the belongings with Voyager. The FTX chief <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1551364663761256449\" target=\"_blank\">explains<\/a>:<\/p>\n<blockquote>\n<p>If a buyer had $100 on the platform, a 3rd social gathering would pay $10 for it, get no matter funds remained (perhaps $75), after which the client\u2026 will get again $10.<\/p>\n<p>Voyager\u2019s consultants could be slowly draining the remaining funds by charging charges each month the chapter course of dragged on. This didn\u2019t appear proper to us. Customers already misplaced belongings; we didn\u2019t need them to lose extra.<\/p>\n<\/blockquote>\n<p>Lashing out on the Voyager consultants, SBF mentioned that they&#8217;re keen to tug the chapter proceedings so long as doable. He mentioned that if Voyager would settle for FTX\u2019s provide, the shoppers would get their share of \u201ceverything that remained,\u201d as quickly as doable.<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA117935\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nBhushan is a FinTech fanatic and holds a great aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in the direction of the brand new rising Blockchain Technology and Cryptocurrency markets. He is constantly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and typically discover his culinary expertise.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=60&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD117935\">\n<p> The introduced content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any duty to your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/ftx-ceo-sam-bankman-fried-accuses-voyager-of-slowly-bleeding-customers-frozen-assets\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] A brand new battle has emerged between troubled crypto lender Voyager Digital and crypto alternate FTX. On Sunday, July 24, Voyager rejected the buyout proposal from FTX calling it a \u201clow-ball bid\u201d in addition to \u2018misleading and outright false claims\u2019. FTX chief Sam Bankman-Fried has lashed out at Voyager explaining how the troubled crypto [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[13],"tags":[3233,66,3156,3234,44,1110,3235,887,3155,2857,2877],"class_list":["post-5380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation","tag-accuses","tag-assets","tag-bankmanfried","tag-bleeding","tag-ceo","tag-customers","tag-frozen","tag-ftx","tag-sam","tag-slowly","tag-voyager","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/5380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=5380"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/5380\/revisions"}],"predecessor-version":[{"id":5381,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/5380\/revisions\/5381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/5382"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=5380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=5380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=5380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}