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:

Best Way To Store Large Amounts of Bitcoin (Multi-Sig):

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:

As part of Binance’s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT). Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books. 1/4

— CZ 🔶 BNB (@cz_binance) November 6, 2022

Yes, this is part of it. https://t.co/TnMSqRTutr

— CZ 🔶 BNB (@cz_binance) November 6, 2022

CEO of Alameda Research defends their financial position:

A few notes on the balance sheet info that has been circulating recently:
– that specific balance sheet is for a subset of our corporate entities, we have > $10b of assets that aren’t reflected there

— Caroline (@carolinecapital) November 6, 2022

And offers to buy those FTT for $22/token:

@cz_binance if you're looking to minimize the market impact on your FTT sales, Alameda will happily buy it all from you today at $22!

— Caroline (@carolinecapital) November 6, 2022

FTT crypto price:
https://coinmarketcap.com/currencies/ftx-token/

CZ accuses SBF of lobbying behind his back:

Liquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won't pretend to make love after divorce. We are not against anyone. But we won't support people who lobby against other industry players behind their backs. Onwards.

— CZ 🔶 BNB (@cz_binance) November 6, 2022

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.