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the that generally they were using kind of as their as their net worth is their liquidity ftt was the internal of FTX and what we found out now is they were basically just trading back and forth wash trading it to up the value meaning their net worth or or their value at FTX was way below what it actually should have been CZ the founder and uh you know CEO of binance the largest Exchange in the world he got wind of this and uh he basically blew the whole thing up by dumping ftt s on the market and then that crush the liquidity for FTX and then what we found is it was basically turned into a giant Ponzi scheme the entire time
