If FTX/Alameda research balance sheet was not released, would FTX still be standing today?

If FTX/Alameda research balance sheet was not released, would FTX still be standing today?

There are a lot of theories and fixed feelings online especially Crypto Twitter about or around the question "If FTX/Alameda research balance sheet was not released, would FTX still be standing today?" a lot of people were of the opinion that Binance the largest crypto exchange in the world by daily trading volume or the CEO of Binance Changpeng Zhao, who is popularly known as CZ was behind the FTX/Alameda research balance sheet release, for the reason of wiping out its rival FTX, which is not true in my opinion, shit happens and FTX set themselves up for possible crash which happened because they over-leveraged a lot and took many unnecessary and avoidable risks.

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Despite the fact that some people feel that if FTX/Alameda research balance sheet was not released it will be standing here today, a lot still thought FTX was a ticking time bomb waiting to happen due to the point I have made earlier about them over-leveraging, FTX was buying up different failed companies that were about to get bankrupt or had already filed for bankruptcy like Celsius and Voyager who took a big hit due to LUNA/UST crash to Zero in May, this year.

Back to FTX being a ticking time bomb, former CEO of FTX Sam Bankman-fried tweeted in the middle of this whole FTX saga last week, that he did not know that his company was spread so tiny and exposed from all the companies bought, which shows incompetence on his own part and not just him, the whole FTX financial team were incompetent too or they knew what they were doing because how can FTX be that exposed and no one brought it up or expect they did and maybe were shut down by their bosses, because it is literally their job to find exposures, find their liability and in all have a solution to it, so without the balance sheet being leaked, FTX might have still crashed, although it might have still stood a chance of recovering though.

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