A crypto community member recently questioned the accuracy of public information related to the defunct FTX exchange and its native token, FTT. Despite FTX’s bankruptcy, FTT is still trading, raising concerns about the validity of its current valuation.
FTX Token (FTT) Trading Despite Bankruptcy
The user pointed out discrepancies in FTX’s valuation, comparing it to publicly traded companies. Even with its bankruptcy status, FTT continues to trade at $2.03, according to data from an unnamed prediction market. The token has retained 17.65% of its all-time profit, which seems odd given FTX’s financial collapse.
The member shared concerns that this data might not accurately reflect the token’s true value. FTT may eventually be liquidated to pay creditors, potentially rendering it worthless. A disclaimer on the prediction platform warned users of this possibility, yet the data still seemed to rate FTX higher than several publicly traded companies.
Poll Raises Doubts About Data Accuracy
The conversation started when the user cited a poll about gambling habits in the U.S., which showed that men are almost twice as likely to gamble as women. The poll suggested that impulsive decisions and risk-taking tendencies were more prevalent among men. The user then questioned whether gender alone could account for the gap between market data and poll results, drawing a parallel to the questionable accuracy of FTX’s token data.
This crypto user’s argument is a broader critique of how prediction markets and public data may not always present the full picture, especially when evaluating a bankrupt entity like FTX.
