FTX collapse explained in under 60 seconds

Why FTX.com crasheD?

About FTX & Binance

[{"selector":"#anim-21707d4b-15bb-4bcd-92f4-5a94dc76c030","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Founder of FTX

[{"selector":"#anim-b8185f17-add0-437f-a4e6-fd8026b82139","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

The Acquisition

[{"selector":"#anim-0a2cefbb-f815-439c-82ae-fa1106e3634e","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

FTX Conspiracy

[{"selector":"#anim-38a0ff0d-cfb6-4549-9426-99cf6b3344d7","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Exposed Balanced Sheet

[{"selector":"#anim-61861a9a-a738-452b-b2b2-ff0fa8393a91","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

What Binance Said earlier

[{"selector":"#anim-4e1978de-02d0-4a4c-9404-97a0e7117515","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Total FTT holdings

[{"selector":"#anim-daf1e3aa-2135-4eb2-98eb-a9747bd92223","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

The Domino effect

[{"selector":"#anim-37fe2a78-3a49-469e-a01a-d20c563883ec","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Earn BUSD everyday

[{"selector":"#anim-a3831d9f-e8bb-43cf-8ae6-3617f100e685","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Play Now

Also Read:

[{"selector":"#anim-6902c6d5-3a37-4c3f-b86d-a6aef71861a8","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

We're on You Tube

[{"selector":"#anim-f5fd31c0-5382-4f92-a7d5-3220195a82cd","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Why FTX.com crasheD?

Why FTX.com crasheD?

About FTX & Binance

About FTX & Binance

FTX & Binance are the leading cryptocurrency exchanges in the world. Infact, by volume FTX is 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 Acquisition

The Acquisition

In a tweet, Binance's founder CZ announced that FTX asked for help & to save it from liquidity crunch Binance will acquire it. Let's understand why

FTX Conspiracy

FTX Conspiracy

The recent revelations highlighted that FTX lobby against other industry players which is a bad & unethical practice to kill competition.

Exposed Balanced Sheet

Exposed Balanced Sheet

A leaked balance sheet of Alameda Research alleges billions of dollars are tied up in FTX's token which looks like the case of LUNA.

What Binance Said earlier

What Binance Said earlier

Learning from the fall of LUNA, Binance will no longer support FTX token (FTT) and has plans to completely liquidate it.

Total FTT holdings

Total FTT holdings

Binance exchange held $2.1 billion worth of FTT token and it will take months to liquidate it

The Domino effect

The Domino effect

Soon after, the news spread like wildfire resulting in the crash of FTT token. FTX is on a verge of crash & Binance jumped to save it.

Earn BUSD everyday

Earn BUSD everyday

Swipe up & play this game to earn BUSD stablecoin

Also Read:

Also Read:

1..Mastercard & crypto

1..Mastercard & crypto

2..GameFi future

2..GameFi future

3..AML regulations

3..AML regulations

We're on You Tube

Find the best Crypto content only on Katoch Tubes