I will accompany a podcast with this article over the weekend but felt it necessary to give you guys an update on what is happening. FTX ( the second (I think)) largest crypto exchange in the world was a total scam. They used customer funds as their own cookie jar and invested that money in various assets including illiquid shit coins. That money is now gone. They have paused all withdraws which means anyone who had money on that exchange is likely going to lose it. Luckily ( for us) FTX.US ( the US entity) is operating OK for now. Did Gary Gensler actually protect us?
FTX Goes Bankrupt
FTX Goes Bankrupt
FTX Goes Bankrupt
I will accompany a podcast with this article over the weekend but felt it necessary to give you guys an update on what is happening. FTX ( the second (I think)) largest crypto exchange in the world was a total scam. They used customer funds as their own cookie jar and invested that money in various assets including illiquid shit coins. That money is now gone. They have paused all withdraws which means anyone who had money on that exchange is likely going to lose it. Luckily ( for us) FTX.US ( the US entity) is operating OK for now. Did Gary Gensler actually protect us?