FTX is gone

xuanling11
Coinmonks

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Photo by Brianna Tucker on Unsplash

FTX is REKT.

From crypto billionaire to zero in only two days, CEO of FTX SBF is under water.

With $1B worth of the second largest crypto exchange and leverage of $6B with its own crypto $FTT, it got rekt within two days.

The entire crypto space is under audit with a financial stress test, and it fails.

Binance has become an unstoppable crypto exchange, but regulations are coming sooner and later.

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