Is FTX exchange now insolvent? The FTX exchange announced that it was being bought by the Binance cryptocurrency exchange. This FTX bailout comes after the FTT token has fallen over 80% in the last days after the Binance CEO Changpeng Zhao (CZ) said that they were selling their FTT token because of due to recent revelations that have come to light, we have decided to liquidate any remaining FTT on our books,” Other crypto like Bitcoin and Ethereum haave sold off on the FTX.us news.
Sam Bankman-Fried or SBF the CEO and co-founder of FTX exchange has agreed to a non binding Letter Of Intent to be bought by Binance.
What will happen to crypto investors who have cryptocurrency or money on the FTX exchange? Will they be wiped out?
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14 Comments
Full collapse in crypto, amazing exit liquidity earlier as $FTT collapses, why the f would Binance Bail out FTX and take on that risk when Alameda and FTX about to go under with this $FTT fiasco? I’d be shocked if they don’t withdrawl this bid.
Sam got played like a kid .
SI is Mikey Saylor Boys bank! Both down 25% today alone. The $$ River gone dry
This ‘Crypto Winter’ looking real bad lol
He is good with his analytics. Simple and clear. 👌
I was ware of this note 4 hours ago, I dont personally like cryptos,, I think thery are pure trash, worth less than crap, cuz crap can be used as fertilzier,
but im happy about these bunch of crypto imbecilles, lossing their money, their cars and going bankrutpcy,
THERE ARE TO MANY IMBECILLES FLOATING ARROUND THIS PLANET, and their stupidity disguised as freedom is taking the rest of us straigh to hell whit them.
I hope this produce a sever crash on the crypto market and peps start killing themself due to the depresion losses will generate.
One tries to push peps toward reason, and common sense and you end up getting crusifixed cuz they dont like it.
In words of my beloved George Carlin. "FUCK THEM"
BY THE WAY,
LOVE THE VIDEO , THUMBS UP NICK
^_^`
People buying worthless tokens created out of thin air hoping they will get rich quick. They won't buy Bitcoin because it only goes up a few % so they buy stuff like FTT, LUNA etc.
Another homerun presentation!
What about the Winklevoss Twins?
Hilarious. “Their mark… I mean customer”. LOL. I have the same book mentioned. I read a number of them in the same genre. All entertaining.
dang! I thought FTX was a good company. I'm glad I didn't buy or signed up with them. I'm sticking with Robinhood and Webull because they just don't do crypto they also have stocks.
I buyed ftt for 1500 dollars nd now it's 250 dollar please help me wat to do now should I sell now or hold please i m very much worried😥 please it's urgent
Excellent summary regarding the 25k cryptocurrency scams!!! Why Mark Cuban is not buying "BITCOIN 's but penny Cryptos??? Any suggestions?!?
Ket me ask crypto fanboys: what is behind that currency?
Because behind a national currency is every person, every working hours, every asset, every company, every natural resource, every bite of food of that nation.
Buy Tesla or Peloton! Those are definitely not bubles!