FTX crisis feeds Twitter rumor mill with hot takes and conspiracy theories

Exciting times lead to exciting posts, many of which raise valid questions and perhaps less helpful answers.

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Events unfold quickly as the cryptocurrency market is shaken again, this time by FTX. Facts and non-facts are difficult to sort out under these conditions, especially since the two sometimes seem to drift away from credibility. "Where is the money?" and "Who is to blame?" are popular topics of discussion. Some of the information appearing is unquestionably false, or at least highly speculative.

The situation has given rise to the opportunity to tell some crazy stories, like this tweet that appeared (and disappeared) on November 10:

A very fake tweet, which has since been deleted. Note the username.

Rumors aren't always harmless, as became clear when Tether experienced instability due to "evidence" that FTX and Alameda were trying to short -circuit the stablecoin. Tether denied being exposed to Alameda or FTX.

The current withdrawal status of FTX has also been a source of confusion, perhaps because the withdrawal status remains confusing in real life. FTX doesn't use "the normal withdrawal queuing process," one observer said, and there are a variety of potential causes.

There are a few scenarios here:

1. They prioritize friends and family. They found a sponsor. Red employee free for all

— Steven (@Dogetoshi) November 10, 2022

1/ Several people have pointed out that the "withdrawals" - which seem to have started again - of