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A crypto-user questioned the accuracy of data regarding FTX and FTTT.
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A user noted that a platform valued bankrupt FTX above existing publicly traded companies.
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Published data showed that FTT was 17.65% profitable.
A member of the crypto community on X questioned the validity of publicly available information regarding the defunct FTX exchange and its native token FTT. The crypto user compared FTX to publicly traded companies despite its bankruptcy.
The crypto community member cited a poll that showed the ratio of American men to women who gambled and questioned the methodology. According to the results of the poll, the ratio between American women and men who gamble is almost 2:1. A report that was attached to the survey noted that men are more likely than women to gamble because they tend to make impulsive choices and take risks.
The user wondered whether gender alone could explain any difference between market data, and poll results. The user compared the poll with FTX data, which showed a surprising value for FTT (the exchange’s token). The user cited data from an anonymous prediction market to show that FTT was trading for $2.03.
FTX Valuation Raises Concerns Despite Bankruptcy
The data shared by crypto users revealed that FTT had a 17.65% profit over the course of its existence despite FTX being in bankruptcy. The user pointed out a warning on the platform stating FTX bankruptcy proceedings were underway and that FTT tokens may be liquidated in order to pay creditors.
Read Also: FTX Sets Repayments for Post-Election on December 7th — Crypto Awaits a Rally
The crypto users’ posts were aimed at highlighting the potential inaccuracy, especially of information obtained from prediction markets. The user, for example, showed how the displayed information rated FTX, even in its bankrupt status, higher than other publicly traded companies, such as Scholastic Corporation, Inc., Southern Missouri Bancorp, Inc., Avid Bioservices, Inc., and Horizon Bancorp, Inc.
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