Do you know why FTX was bailing out Voyager? Because they had borrowed money from Voyager and wanted to delay paying it back. FTX also manipulated the Voyager bidding process.

This is just another crazy story now getting exposed behind FTX and SBFs so-called bailout of Voyager. After LUNA collapsed, Voyager was also collapsing, then first there was a big bid-war for who is going to bail-out Voyager. Binance was at top and seemed to have it but then “unnamed sources“ released articles (at Reuters for example) sharing concerns about their bid.

One of those sources, possibly the ex-CEO of Binance US who is also on the Voyager board and has apparently received some “gifts“ from FTX. Voyager even afterwards claimed that FTX was manipulating the bidding process but obviously back then we did not have enough intel.

Its clear now that all those so-called bail outs FTX and SBF were going for were nothing else but a deliberate attempt to not be paying back the extensive loans they took as this would have clearly exposed their lacking balance sheet.

All of this information comes from FatManTerra on Twitter who has been very vocal and right about exposing more behind-the-scenes of scandals like LUNA and now FTX.

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https://preview.redd.it/dct0aufqac2a1.jpg?1192&format=pjpg&auto=webp&s=cc938936ca50d2a6f2b19fcc102b3ddfaa680283

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From FatManTerra‘s extensive and informative thread on this topic.