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Depends if buying FTX would have stabilized the price of their FTT coin. That would have filled in some of the hole. And then CZ wouldn't have had to step down
by chipgap98 3y ago
Depends if buying FTX would have stabilized the price of their FTT coin. That would have filled in some of the hole. And then CZ wouldn't have had to step down
- lordfrito 3y agoSo FTX would still be in the hole, and CZ is likely in the hole. Sounds like kicking the can down the road to me. That won't end well. SBF commits fraud and loses $8b, CZ pleads guilty and pays $4.3B fine and loses access to US market. I don't know why so many people think the crypto space is legit and this is just a temporary setback.
- chipgap98 3y agoKicking the can down the road is the name of the game in ponzi schemes