Crypto Exchange Close To Collapse?
𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍➜➜➜
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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=rTIl7...
Best Way To Store Large Amounts of Bitcoin (Multi-Sig):
https://www.youtube.com/watch?v=e27pC...
Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet:
https://www.coindesk.com/business/202...
CZ says he will dump FTT:
https://twitter.com/cz_binance/status...
https://twitter.com/cz_binance/status...
CEO of Alameda Research defends their financial position:
https://twitter.com/carolinecapital/s...
And offers to buy those FTT for $22/token:
https://twitter.com/carolinecapital/s...
FTT crypto price:
https://coinmarketcap.com/currencies/...
CZ accuses SBF of lobbying behind his back:
https://twitter.com/cz_binance/status...
FTX weekly stablecoin outflows surge as Binance piles on the pressure:
https://www.theblock.co/post/183639/f...
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
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