Someone just paid 3751% over market price to withdraw from FTX

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Someone just paid 3751% over market price to withdraw from FTX

Someone just paid 3751% over market price to withdraw from FTX

As most of you are already aware the current situation with FTX is that they have made a super sketchy (and almost certainly illegal) deal with Justin Sun to finance withdrawals from FTX provided they use TRON ecosystem coins for liquidity to do so.

This means that Justin Sun is essentially offloading coins at a premium on FTX whilst customers desperately buy into shitty liquidity and end up paying way over real market rate for TRX to get as much of their funds off FTX as possible.

4000% spike in tron price on FTX

What you're looking at is a 4000% spike in price of TRON on FTX as people desperately purchase TRON to get their funds off of FTX and Justin Sun dumps on desperate victims of the FTX ponzi scheme.

This is what market manipulation looks like.

Apparently the legal and compliance team for FTX quit/were fired yesterday so there isn't anyone to advise them on the shit they are doing. I am not a lawyer but this is not legal.
Whilst they are registered in the Bahamas, regulators in the US are almost certainly looking at this with wide eyes absolutely salivating at the shit show they are about to unleash on SBF and anyone that touched FTX.

submitted by /u/MilesPower
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