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Last week in a Nutshell [Crypto]

hoseni

Slice-of-Life Specialist
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2 MONTHS
2 2 MONTHS OF SERVICE
LEVEL 1 400 XP
Reports showing FTX insolvent
CZ (Binance CEO) moves a ton of FTT to sell
Selling spree happens on FTX
FTX token 22$ --> 15$ dip
FTX announces closure due to insolvency (can't fund all withdrawals)
FTX token plunges to 3$
Binance declares it can't do bailout of FTX
FTX files for bankruptcy officially
Bahamas users are allowed withdrawal cause SBF (FTX CEO live there, so he is safe)
Twitter users paying up to $100k for FTX Employees to change to Bahamas KYC (check left)
These same people, buying up locked accounts 0.1$ to the dollar.
Then FTX gets "hacked" (*cough*), 400M+ gets drained. Users recommended to uninstall all FTX related apps.
8 BILLION to 12 BILLION BLACKHOLE. Who knows who is next?
Edited by SpartanHoplite, 12 November 2022 - 12:22 PM.
 

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