TechFlow news — The Block's vice president Larry Cermak stated on his social media platform that the probability of FTX going bankrupt is nearly zero, and he believes Alameda has sufficient funds to buy back FTT held by Binance through an over-the-counter transaction. The current liquidity issue at FTX stems from user withdrawals driven by caution.
According to reports, Larry Cermak compiled a database of all wallets marked as related to Alameda. Data shows that Alameda’s total on-chain balance has decreased by $230 million (down 47%) compared to last month (as of October 1), with most of the funds deposited into FTX and Genesis. Larry Cermak emphasized that it's important to note that on-chain data (only on Ethereum) never provides a complete picture of what is actually happening. There are many off-chain assets, and in theory, Alameda could simply be creating new wallets.Original link
