Crypto Exchange Close To Collapse?
𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
In this video, I discuss the rumors surrounding the financial positions of FTX and Alameda Research, as well as the escalating feud between Binance's CZ and FTX's Sam Bankman-Fried.
Alameda has been largely collateralized by the token FTT, which was issued by SBF's other company FTX. This could create solvency issues, especially if FTT continues to fall in price.
CZ seems to be pouring gasoline on the fire by threatening to dump his FTT at the same time.
Bitcoiners can rest easy, as long as they don't leave their BTC on the exchanges.
Not investment advice! Consult a financial advisor.
The Best Ways To Store Small and Medium Amounts of Bitcoin:
https://www.youtube.com/watch?v=rTIl7TKEowg&ab_channel=TraderUniversity
Best Way To Store Large Amounts of Bitcoin (Multi-Sig):
https://www.youtube.com/watch?v=e27pC-gUDIc&ab_channel=TraderUniversity
Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet:
https://www.coindesk.com/business/2022/11/02/divisions-in-sam-bankman-frieds-crypto-empire-blur-on-his-trading-titan-alamedas-balance-sheet/
CZ says he will dump FTT:
https://twitter.com/cz_binance/status/1589283421704290306
https://twitter.com/cz_binance/status/1589329217874931712
CEO of Alameda Research defends their financial position:
https://twitter.com/carolinecapital/status/1589264375042707458
And offers to buy those FTT for $22/token:
https://twitter.com/carolinecapital/status/1589287457975304193
FTT crypto price:
https://coinmarketcap.com/currencies/ftx-token/
CZ accuses SBF of lobbying behind his back:
https://twitter.com/cz_binance/status/1589374530413215744
FTX weekly stablecoin outflows surge as Binance piles on the pressure:
https://www.theblock.co/post/183639/ftx-weekly-stablecoin-outflows-surge-as-binance-piles-on-the-pressure
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#crypto
#ftx
#binance
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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