Lark Davis, a major crypto influencer, stresses to his followers to get their crypto out of FTX. He believes that FTX has major insolvency issues and considers it to be technically insolvent. Can FTX Face A Similar Insolvency As Celsius Cory Klippsten, the CEO of Swan Bitcoin, showed concern over the news that Binance has transferred over $560 M worth of FTT to the exchange. This increases the concerns regarding a potential Alameda and FTX insolvency.

LeClair believes that this is because the company has a vested interest in not letting the market price go below $22. Lark Davis, a major crypto investor and influencer, firmly asked his followers.

ZachXBT alleges crypto influencer Lark Davis made over 1M dumping crypto. Binances CEO Chengpang CZ Zhao took to Twitter to take a dig at Vauld. Caroline Ellison, the CEO of Alameda Research, offered to buy FTT from Binance at $22. Polygon co-founder gives Devcon 2022 Bogota a miss over safety concerns. Dylan LeClair, a senior analyst at UTXO Management, also reveals the liquidity crisis facing Alameda. FTT has fallen close to 12% in the last 7 days. If there is enough selling pressure, they can face a margin call or liquidation. He also reveals that Alameda has leveraged FTT tokens. However, Ran Neuner, a CNBC crypto trader, believes that he may be holding the tokens to cause maximum damage. CZ claims that he wants to reduce the market impact of the liquidation. $584 million worth of FTT has already been transferred to the Binance exchange. Binance's CZ announced that the company will gradually sell all its FTT holdings. Reports reveal that of the $14.6 billion assets owned by Alameda on the 30th of June, unlocked FTT tokens accounted for the single largest $3.66 billion. Alameda has major exposure to FTX tokens.

Why FTX Can Face A Liquidity Crisis The liquidity crisis surrounding Alameda is once again in the news. Binance CEO Changpeng 'CZ' Zhou recently announced that Binance will liquidate all its FTX token holdings. The second richest crypto billionaire Sam Bankman-Fried is the founder of both FTX and Alameda. The Crypto community is now fearing that giants FTX and Alameda can face a major liquidity crisis and insolvency. Companies such as Three Arrow Capitals, Celsius, and Voyager suffered massive hits during the crypto market. The crypto winter resulted in a liquidity crisis for some major crypto firms.

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