The current FTX, Solana and Alameda Research situation has been an incredibly painful and eye-opening set of events. From pausing withdrawals to potentially being acquired by Binance, the future of FTX and its founder Sam Bankman Fried remain unknown. Sub – http://voskco.in/Sub
It seems that no power is too big to fall, as many believed FTX to be near invincible. With them providing credit for BlockFi, and seeking to acquire assets from previously bankrupt projects, FTX appeared to be the savior for many. However, as it has turned out, there were more than a few bad actors behind the scenes, and many bad decisions were made in the running of the exchange. With a significant liquidity crisis at hand, a failing $FTT token, and investors completely pulling out of their business, the FTX International exchange stands to be the biggest fall in recent crypto history. Let’s take a deeper look at this developing story.
📃 Crypto News 📃
STEPN to launch their own shoe line with ASICS – https://decrypt.co/113306/asics-taps-stepn-to-launch-running-shoe-solana-nft-collections
Justin Sun to help FTX –
https://twitter.com/justinsuntron/status/1590539831276634112
Binance will NOT be buying FTX after due diligence check – https://twitter.com/binance/status/1590449161069268992
Sam Bankman Fried apologizes and comments on the current situation – https://twitter.com/SBF_FTX/status/1590709166515310593
⏰ Timestamps ⏰
00:00 The Solana and FTX debacle
01:27 STEPN to launching a running shoe?
02:26 Gas-less NFTs on Kraken?
03:27 A great, new DeFi tool!
05:40 Binance to buy FTX? Maybe not…
08:47 Justin Sun to help TRX hodlers on FTX?
09:21 State of FTX US and other exchanges?
11:14 FTX & Alameda bailout!
11:49 Solana is unlocking 29M $SOL!
12:20 Stay safe & don’t give up!
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