FTX Drama and Our Hot Take
In this clip from the LeoFinance AMA, we give our hot take on all the FTX drama. We filmed this AMA just before SBF officially got arrested.
There's a lot of news swirling around SBF and FTX. This has caused a record in volatility in the crypto markets.
But as of the last few weeks, things have been actually quite quiet. Today marked a small rally in BTC just as the hearings with the senate started. Kevin O'Leary is now being ousted as one of the top investors/spokespeople for SBF/FTX.
In this clip:
- Questioning FTX liquidity over the past
- FTX sponsors and events spending a lot bailing protocols
- SBF and Alameda research - crypto quant - speculation about their success cause FTX feeding data to Alameda
- Alameda's balance sheet held in FTT, users questioning the value = edge of bankruptcy? Insolvency for withdrawals
- Lots of capital withdrawn, limitations added, snowball effect and panic, insolvency theories
- CZ tweet opened pandora's box, Binance holding a lot of FTT (500M)
- SBF smokescreen about defending FTT price
- Radio silence from FTX and SBF
- FTX US safu
- Hindsight, Binance is out, now Tron is up
- CZ is a monster, genius
- SBF the WB of crypto, dream is over
- Effect of drama on crypto - Luna 2.0?
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
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Thanks for the whole analysis. Basically, some FTX influencers are still saying it was CZ's tweets of disapproval that affected FTX, forgetting the core scam that SBF ran. It was actually good that binance didn't make that purchase, it would have been a hell hole today. We're lucky to have decentralization.