Crypto market drowned with FTX
Crypto market drowned with FTX
About FTX
About FTX
FTX is one of the leading cryptocurrency exchanges in the world. Infact, by volume FTX was the second largest exchange after Binance sometime back.
Founder of FTX
Founder of FTX
Sam Bankman-Fried is the founder of FTX. He's also the founder of Alameda Research, the investment arm of FTX.
The Failed Acquisition
The Failed Acquisition
In a tweet, Binance's founder
CZ announced that to save FTX from liquidity crunch Binance will acquire it. But the deal is dead in the water
Why Binance didn't buy FTX?
Why Binance didn't buy FTX?
Swipe up to learn why the deal failed to take-off.
Learn more
The Bankruptcy
The Bankruptcy
Acc. to a statement released by Sam, FTX requires $8 billion to overcome bankruptcy. Right now, there's no saviour
Sequoia marked FTX 0
Sequoia marked FTX 0
Sequoia capital has marked FTX a $0 investment after investing $210 million in the crypto exchange. It's likely to die a
slow death.
The market Crash
The market Crash
The market sentiments are so bad. No one wants to buy the dip. Bitcoin was down below $15K, ETH is heading back to $700. Darkest days are here.
What will happen next?
What will happen next?
It's going to be bad for cryptos. Rising inflation, fear of recession, layoffs. Expect crypto winter to continue for the next year as well.
Also Read:
Also Read:
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Play & Earn $BUSD
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Play & Earn $BUSD
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SEC investigates FTX
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SEC investigates FTX
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OpenSea vs 0 royalty
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OpenSea vs 0 royalty
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