Galaxy Exec Refutes Claims of Murad’s Off-Market SPX Token Transactions
Galaxy's Alex Thorn denied rumors that Murad Mahmudov sold SPX6900 (SPX) tokens in off-market transactions. Speculation claimed he offloaded tokens privately to avoid public records, and allegations included Galaxy taking control of his wallets and liquidating his holdings.
- Thorn labeled the claims as false.
- He stated the ID badge in leaked documents does not belong to his team.
- The email groups shown in leaks are not part of any real company mailing list.
- He asserted the story was fabricated to mislead the public, urging caution against scammers.
Murad has previously supported SPX, even calling it "the biggest meme coin in history," but concerns about market manipulation arose from a prior investigation revealing his control over multiple large wallets.
Despite the controversy, SPX's price remained largely unchanged, continuing its downward trend after a brief recovery. The situation underscores ongoing concerns about transparency and calls for clearer standards in the crypto community.