Elon Musk comments on the problems of the FTX cryptocurrency exchange

Billionaire Elon Musk, who recently became the owner and sole director of Twitter, commented on the situation around the problems of the FTX exchange. On his page, Musk said that «the FTX crash and hack are being tracked in real time on Twitter».

FTX meltdown/ransack being tracked in real-time on Twitter

— Elon Musk (@elonmusk) November 12, 2022

Apparently, the businessman is satisfied with the fact that his platform acts as a media center where users learn the latest news and where all cryptocurrency scandals develop. The latter is the latest news that hackers have hacked the FTX exchange. Ryan Miller, General Counsel of FTX US, tweeted: «Investigating anomalies with wallet movements related to the consolidation of FTX balances on exchanges — these are unclear at this time, as are other actions. We will share new information as soon as we have it.»

Yesterday, Elon Musk said that the number of Twitter users had reached its historical maximum. The platform’s record became known a day after Musk’s address to new employees. At the time, he outlined a grim prospect that could theoretically happen to the company in the future — if Twitter does not raise additional funding, the social network risks declaring insolvency. Musk noted that the shortage of funds could be more than $ 1 billion.

Regarding the state of affairs of FTX: yesterday, the exchange published a press release, according to which Сем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697″ data-wpel-link="internal">Sam Benkman-Fried is leaving the position of FTX CEO, and the company is declaring bankruptcy. Bankman-Fried is currently under investigation by the SEC. Just a day after the Binance-prydbaye-kryptobirzhu-ftx/" data-wpel-link="internal">announcement of the acquisition, cryptocurrency exchange Binance refused to acquire FTX. The company stated that they were unable to resolve the problems on the platform.