FTX is gone
Published in
1 min readNov 8, 2022
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.