FTX Is Dead. Coinbase Has Been In Problems For Months
Coinbase has shut down its affiliate program and is getting rid of CoinBase pro.
I thought it was cool what SBF, CEO of FTX did. He donated to help poor people.
Despite his billion-dollar fortune, he lived in a 10-person shared apartment in the Bahamas. But there are contradictions: he lives in a luxurious five-bedroom penthouse apartment that FTX purchased for $30 million.
FTX’s downfall teaches us a big lesson here. Not all billionaires are real billionaires. They are just numbers on paper. SBF’s (Sam Bankman-Fried) fortune went from $16 billion to $0 in less than 24 hours.
Now that FTX is dead, Coinbase is about to declare bankruptcy
This year was the worst year for Coinbase.
Disgruntled employees, mass layoffs, crash courses, failed projects, lawsuits from investors, users, and the US financial regulator SEC, revolts against management from within the ranks, and questionable incidents of insider trading.
And in the end, rumors of bankruptcy.
Coinbase had to shut down its affiliate program and is getting rid of CoinBase pro.
