Conversation

144

Replying to

and

Did you wash those numbers well before publishing them? Seriously: what safeguards does FTX have against wash trading?

Replying to

1) the matching engine won't print self-trades, if you try it'll just cancel the orders 2) every single user has positive net fees so they'd have to be paying fees to do it 3) monitoring of suspicious account activity

Replying to

and

Thanks. Main main worry remains that a group of traders can wash trade price in any direction especially with careful use of HFT bots. As no external audits are in place, we still have to rely on self monitoring and self reporting. Do you welcome regulation or do you reject it?

SBF

@SBF_FTX

Replying to

@htltimor

We're super happy to work with regulators as they develop frameworks that are sophisticated enough to account for FTX's product! This is a slow process, though: right now even most regulatory sandboxes are just made for spot exchanges.

12:18 PM · Jan 4, 2021Twitter Web App

Replying to

and

Thanks again Sam. Appreciate your openness and interaction. Breath of fresh air. After all, how many CEOs of traditional exchanges are doing the same? Congrats on the numbers!