🔥 CZ: The Mastermind That Brought Down FTX And Then Bought It
The past two days have been a true rollercoaster. Please click the tweets for a full overview.
In short:
- FTX is closely related to Alameda, since Alameda provides a big part of the liquidity to FTX
- Rumors are spreading that Alameda has a hole in their balance sheet, FTX is potentially insolvent
- CZ adds oil on the fire by announcing the sale of Binance's FTT tokens
- Investors panic and remove their funds from FTX
- FTX actually goes insolvent, pulls liquidity from FTT and appeared to have stopped processing withdrawals
- CZ (CEO of Binance) steps in and signs an agreement to take over FTX for a fraction of the value it had a couple of days ago. Investors removed their funds, so it was a cheap acquisition of a company in distress.
CZ played 5d chess and won. GG.
In short:
- FTX is closely related to Alameda, since Alameda provides a big part of the liquidity to FTX
- Rumors are spreading that Alameda has a hole in their balance sheet, FTX is potentially insolvent
- CZ adds oil on the fire by announcing the sale of Binance's FTT tokens
- Investors panic and remove their funds from FTX
- FTX actually goes insolvent, pulls liquidity from FTT and appeared to have stopped processing withdrawals
- CZ (CEO of Binance) steps in and signs an agreement to take over FTX for a fraction of the value it had a couple of days ago. Investors removed their funds, so it was a cheap acquisition of a company in distress.
CZ played 5d chess and won. GG.
Note
Proof of stablecoin outflowstwitter.com/ki_young_ju/status/1589396703421272064
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.