Discover and read the best of Twitter Threads about #CZBinance
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In #Crypto, everything happens at lightning speed, and sometimes we miss very important news that could affect our portfolio.
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So, here is a list of all the important news of the past week, which I have compiled π°ποΈ
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π§΅π
#CryptoNews #cryptocrash
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So, here is a list of all the important news of the past week, which I have compiled π°ποΈ
Β
π§΅π
#CryptoNews #cryptocrash
π¨Nigeria regulator says local Binance operations 'illegal'.
π #TUSD temporarily stopped issuing TUSD through Prime Trust.
π #Robinhood will no longer support #Solana, #Polygon and #Cardano after June 27, 2023.
π #TUSD temporarily stopped issuing TUSD through Prime Trust.
π #Robinhood will no longer support #Solana, #Polygon and #Cardano after June 27, 2023.
IS πππππππ UNDER ππππππ β π±
Let's take a deep dive to know what's going on.
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Let's take a deep dive to know what's going on.
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β¦οΈThere are few things that are certain in #Crypto : prices going up and #FUD against #Binance .
β¦οΈSince the #FTX collapse, Binance has been targeted by regulators, media companies, and individuals.
β¦οΈSince the #FTX collapse, Binance has been targeted by regulators, media companies, and individuals.
β¦οΈThis has led people to wonder whether regulators will crush Binance.
β¦οΈ Letβs see what the FUD is around Binance and its impact on the market and your portfolio π
β¦οΈ Letβs see what the FUD is around Binance and its impact on the market and your portfolio π
1/ #SBF might have ignited the FINAL death spiral
π§΅A thread on why an #FTX bankruptcy is the #Lehman of #DeFi
#CZBinance #FTT #SamBankman #BlockFi #DeFi
π§΅A thread on why an #FTX bankruptcy is the #Lehman of #DeFi
#CZBinance #FTT #SamBankman #BlockFi #DeFi
2/ With $2+bn raised, support from virtually every tier 1 fund, a $32bn valuation, 1.2m wallets & $10bn in deposits, #FTX was 2nd to none other than the man that triggered their bank run - #CZ's #Binance.
3/ As @FTX_Official files for bankruptcy, what's left are 100K+ creditors, $10+bn in liabilities, and... a new high score on a certain graph
Sam basically went with the "money glitch method"
If you don't understand what sam did then here you go π
#CZBinance #FTT #FTXCRASH
If you don't understand what sam did then here you go π
#CZBinance #FTT #FTXCRASH
FTX created $FTT inflated its value.
Transferred that money to their sister company @AlamedaResearch where they can show a profit on their balance sheet
Then proceeds to borrow other assets like btc, eth etc.
Transferred that money to their sister company @AlamedaResearch where they can show a profit on their balance sheet
Then proceeds to borrow other assets like btc, eth etc.
After borrowing all these assets they can send all of these assets back to FTX
By doing this you can literally create and print as much money as you want.
This is why $FTT has such a big effect on the @FTX_Official
By doing this you can literally create and print as much money as you want.
This is why $FTT has such a big effect on the @FTX_Official
