I posted in the past about why FTX made the top bid to purchase Voyager. It is because Alameda Research still owes Voyager 52,000 BTC (shown in bankruptcy documents) FTX tried to bail Alameda out and now they have totally collapsed.
The Voyager deal will not go through anymore, even if CZ buys FTX (probably won’t) he will not accept the Voyager deal terms, the only reason SBF was buying was to bailout Alameda from it’s 52K BTC denominated debt, they obviously can’t pay now.
There is a reason SBF/FTX was buying crypto lending companies and trying to buy a bank, for those sweet user deposits to keep his scheme going. Be happy it ended today, it could’ve gotten way bigger.
Please, please learn the lesson after this. Stop storing your crypto in these shifty companies not only will you lose your crypto, you are hurting everyone else in the market. There is no free interest, there is no safe CEX for storage.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments