FTX Collapsed…Here’s Why
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- Опубликовано: 7 ноя 2022
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This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch. 
Развлечения
Banks are bad. We are a bank, but we are good. FTX in a nutshell.
Only good when things go their way. When it goes South
He was called bankman we should of known
And we are also not a bank.
truer words never spoken
the only thing more retarded than ftx is the coffee zilla reply guys saying ftx is defi lol
i mean his name was literally bankman
I just love that an actual FBI clerk has to watch this video and they have notifications on
Never gets 1st comment either 😥 and he tries oh my goodness how he tries...
just 1? LOL
Says who?
@@unbroken1010 says me
@@Fenthule I like to imagine that when Coffeezilla drops a new video, the whole department stops what they’re doing and crowds into a conference room to watch it together
You provide a valuable service. This morning, I had no idea what FTX even was.
You live a good life
Me neither. I am still confused about crypto stuffs.
i just found out FTX after mercedes F1 team decide to break the sponsorship ties with FTX
@@Rak0705 same dude, I had no idea cryptocurrency is already a thing in formula 1 with almost all teams in the grid is partnered a crypto sponsor
@@janyogyog76 well i mean F1 is a very expensive sport, and crypto exchange company have a lot of money somehow out of thin air, so naturally F1 teams just cant resist to get hand on crypto exchange sponsorship
Going back and watching this after the last year is incredible. You nailed every single thing.
Absolutely wild ain't it
By my calculations, the crypto scene will run out of single words to use as tokens by 2027
F THE XENOMOPHS is three words.
SCAM is still available.
@@id10t98 that's an actual coin already 😂
They'll move on to use numbers. Probably popular ones like 420 or 69, just to bait retards to invest in it.
Snarf token
And they said banks were bad ? What is the point of wanting an alternative to the banking system if it is to observe such type of cutthroat behaviors and huge risks with crypto firms ?
The idea behind crypto is to find a way to replace trust with mathematics. Supposedly we wouldn't need to trust banks and governments because the system would police itself. But they still haven't found that perfect trustless system.
Congratulations, you've invested in electrical sparks!
@Black Jesus They were not friends.
@@HueghMungus they will act like one from now on to cover their asses
Yeah, we don’t need no regulation!…😜 /s
I still love that these people had the gall to call their industry “decentralized finance” when the biggest industry player was able to destroy the second biggest industry player and then attempt to buy them out before realizing they were hopelessly insolvent
I wouldn't say binance destroyed ftx, knowing what we know now, I'd say binance just accelerated ftx downfall, but ftx, alameda and sbf destroyed ftx, even without CZ, ftx would've probably crashed a few months ago.
@@saadguessous7039 true, but it's still a big part of what triggered it right then. The sale from CZ triggered fears
CZ backing out on the bailout is the most epic twist of the knife I've seen in a while. Start a bank run to ruin your competitor, refuse to stop it, change your mind to hold out a helping hand, then say "nah, actually I don't think I'll save you after all". Chef's kiss to that level of business savagery.
Man was absolutely cold
He's a total savage. I'm just sad he didn't send a middle finger nft to sbf
Yep. Binance is so ass. BNB needs to be the next coin to die.
Cz: if only somebody loved you
A "savage business move" that has put millions out of a lot of money. This is the problem with having these sorts of people having so much money and influence - their petty little rivalries end up costing the livelihoods of the little people who were just trying to get by.
Depending on just how much they hate each other, the buyout offer might be a fake-out meant to taunt the loser, and they can cover themselves by saying "we did our due diligence, this company is a toxic asset."
which.... they did.
Prophetic, because that's precisely what happened.
Are.....are you from the future? Because that's EXACTLY what happened!! Lmfao
Good call
Aged like wine
CZ Crypto Armageddon Draft 02 is a certified hood classic
Only true CZ OG's know about "CZ Crypto Armageddon Draft 02"
@@harrybagg8982 HA I Was here enjoing video already
RUclips gave me notification that CZ CRYPTO ARMAGEDDON DRAFT 02 just dropped
I witnessed the miracle of Draft 02 (thank you notifications)!
Yes it is
Larry David endorsing FTX and it then collapsing is exactly what would happen in an episode of Curb Your Enthusiasm. If you've ever seen an episode you could tell exactly what would happen next.
*cue Curb of Enthusiasm theme song*
He didn't endorse it. He actually said he didn't endorse it.
@@DIVISIONINCISION "that's what I've been trying to tell people"
"Larry, you took their money that's an endorsement."
"Bullshit, I take money from people all the time, every month I get a check from the government and I actively oppose them!"
@@DIVISIONINCISION By willingly appearing in the ad he was endorsing FTX regardless of the content of the ad. That he “didn’t endorse” FTX was a joke, and the joke is that he actually was endorsing FTX by being in their ad.
Update: After having reviewed FTX's structure and books, Binance has decided to walk away from the deal to buy out its collapsing competitor.
That would be savage af. The final blow in an already savage series of moves by CZ.
Lol yup
Update: FTX went bankrupt and Sam is awaiting trial, also Binance's books aren't looking to hot either.
More at 11.
Nah, someone get Coffee to do a HoF chasedown on Binances situation. They ain't going NOWHERE. If FTX was there closest competitor, it isn't out of the question that the twos method are the same
@@foam3132 I suspect that Binance is secretly on shaky ground, too. Give it time.
decentralization has left the chat.
It was all a pipedream from the start
it was always false
I don't even understand how the whole thing works in the first place. The only thing I know actually works as decentralized is torrents ...at least to my understanding.
Don't understand how these crypto currencies are decentralized or what program you Dl to exchange stuff.
it already did.
it left when ethereum moved from proof of work to proof of stake..
Decentralisation is an illusion, every crypto is controlled by people behind the scenes and the big whales. When they want to run we are left with nothing.
This aged well after CZ's guilty plea
So, here's the thing: I didn't remember that FTX specifically had done that Super Bowl crypto commercial, but I DID remember the commercial, and I remember thinking as I watched it that this was the surest sign to me that the Crypto bubble was going to pop in the next few months, because the people holding onto all this currency were reaching out to as big of an audience as possible to convince people to "invest" in it, ie buy it off of the people who currently have it, at which point it isn't their problem anymore. I just had this sneaking sense of schadenfreude that the big crypto holders knew that the collapse was coming and were trying to get out ahead of it.
Wait a minute I'm from Germany enjoying the video casually scrolling trough comments and then there pops up the German word Schadenfreude. That is a thing in the English language?? That's even better then Kindergarten
@@Optora. no that term is popularizing now on the inter webs meaning people like to use it when they wanna say "i told you so" and deriving malicious Joy out of someone else's misery gives them a soothing feeling
@@haberdasherrykr8886 it is a borrowed German word from the 1800's
@@corneliusthecrowtamer1937 yes yes i was just explaining why it is a popular word in use everywhere on the internet now
It’s a sign of how terrible those commercials were. Big budget, but I also forgot which company it was too and none of my friends ever talked about it either.
Or maybe I just have smart friends and we all know to avoid scams 🤷♂️
This legit reminds me of what happened between Oakley and Luxottica, except in Oakley’s case they stood no chance. Basically Luxottica wanted to buy Oakley as a company, but they wanted to stay independent. In response, Luxottica enforced a clause in all Luxottica affiliated stores to not sell Oakley (and odds are, even the local mom and dad show that sold glasses/sunglasses had a contract with Luxottica, so they couldn’t officially sell Oakley either). This resulted in such a huge drop in sales & Oakley’s stock price plummeted. In the end, Oakley got bought out by Luxottica by pennies on the dollar compared to the original deal.
So yeah, imma call this pulling a Luxottica.
They’re also parent companies of many optometrist offices as well! It’s a dirty game.
How can that be legal?
@Black Jesus (in the US)
except doing this in crypto isn't illegal yet
@@reisiritorori The thing is that what Luxottica did wasn't illegal either. That company not only makes glasses but also owns the stores that sell them which gave them the ability to just bleed out Oakley like that.
"it was doomed from the start?"
"always has been"
*pulls the rug*
This video lasted 1 day, the situation has already, drastically changed.
its already drastically changed again
And again
its really shocking that all of this shady stuff was uncovered just because of binance making a good play against their competitor
Anyone else miss that cool robot bartender that used to be around all the time? 😂
he's on the charging station, give him some time ! 😅
@@mikec.8604 🤣
Lmao I was just thinking thank god he’s gone.
He’s too expensive to animate in this economy. 🤣
Stephen didn't exactly have a lot of time to make this video. This happened today!
god damn, guy saw his enemies weakness and just pounced on it while doing it with a smile pretending he didnt just pounce
Giga Chad
That is the most normal scheme, it is a little bit diabolical, but industries tend to use plans like that to get new market share, guess they didn't thought something from the 'diabolical' real life market could hurt them like that.
Welcome to Wall Street
Someone needs to make a movie on the crypto space
I think CZ isn't done with his Art of War rendition. My guess is that they'll pull out of the deal at the last second when "accounting irregularities" are discovered. He just wants to bury the dead himself and not let them die with any semblance of honour.
Binance said they'd buy FTX AFTER due diligence, and Binance's team conducted their due diligence, i.e. look over their financials, and determined that the company is dog doo. It's that bad.
It's almost like having a bank with banking regulations is kind of like a good idea.
Like money needs oversight to be looked after.
I ordered Chinese Food in February and the back of the cookie fortune had an FTX logo. I was unsure if next level marketing or idiotic spending by a paper billionaire. Now I'd say the latter.
I was here when the title was "CZ CRYPTO ARMAGEDDON DRAFT 02"
You an OG 4 reel
I have been watching your channel since you have only got around 18k subs. It’s so great to see you’re killing it now :)
You know...sometimes I think just holding all my cash in a fireproof safe underground is safer than putting money in any bank or fund at this point...
One of my biggest regrets was not investing in crypto and NFT's about 16 months ago. The line only goes up right?
I agree Spencer
🤣
Have fun staying poor 😡😡😡😡
🤣
Ey white boi Spencer pulling up!
A few months ago I read an article about SBF titled "30-Year Old Crypto Billionaire Wants To Give His Fortune Away". I had no idea that this was his stratgey...LOL
Alameda: Those docs aren't accurate. There's $10b not reflected.
IRS: What now?
Yeah wait…they might as well said “tax man” 3 times in the mirror during the blood moon
Chinese business tactics are brutal.
If Sun Tzu is witnessing this from the afterlife, he must be proud...
If you’re coin becomes worthless because someone says it’s probably worthless, you deserve to lose what you put in.
I feel like we're going to get a video on the destruction of Binance in about six months. Right now it's all sharks stranded because the tide went out, eating each other.
No one can destroy CZ he has a very very big head
I remember everyone thinking binance was screwed when the regulators in several countries started cracking down about a year ago. Now they are stronger than ever
@@TheZachary86 Enjoy eventually getting your money swallowed.
FUNDS ARE SAFU
Bnb coin mass withdrawal next
Less than 16 hours later and Binance already pulling out of the deal after seeing their books and the US Gov launching an investigation into FTX
Whenever the US government gets involve in anything some shadiness has taken place and the government is not innocent 😆
Great analysis Coffee. With Binance walking away and FTX declaring bankruptcy, I look forward to your follow-up vid. Thanks.
What is more concerning is had FTX just "played nice" with its competitor, all this would have been kept secret and the entire operation would have run in pertpetuity.
this sound like an agressive take over against a rival company
I guess it makes sense. My uncle owns land but it's way too out of the way. He needed actual money at a certain point in time and while selling even a fraction of the land can cost millions in our currency nobody's buying any of it so he's both rich and poor at the same time.
U can take a cheap loan on it
I guess he could develop the land and try to sell it then. But that also requires huge amounts of money that I guess he just don't have.
Interesting situation, haven't thought much of it.
@@POVShotgun which takes time.
It's called "cash poor." Meaning even if you have a lot of wealth, you have little cash on hand. Prime example is Elon Musk. He's extremely cash poor.
People hoarding land shouldn't get sympathy. There's loads of people that want to get into agriculture that can't because wealthy add holes have landbanked everything and priced them out of thier dream.
Perfect video. Not only covering the specifics and making it easy to understand but also giving advice to those that did invest. Coffee a real one
Well, the deal went bust ... so I suppose they still hate each other and noone got saved.
Said this after Celsius. Said this after Voyager. I’ll say it again now.
NOT YOUR KEYS, NOT YOUR COINS.
These exchanges are not banks, they are only on/off ramps, and people need to start treating them as such.
That doesn't mean sweet FA if your asset has fallen off the face of the earth . FTT will now become a Luna v2.
@@Goat.Herder oh well yeah, I wouldn’t put “FA” into these exchange platform tokens as they are essentially just stock in the company. And I have zero faith that a crypto exchange won’t go belly up overnight, like we have seen multiple times this year alone.
Edit: I don’t even own any BNB even though it has use-case as the required form of payment of transaction fees on BSC. Bc if Binance ever croaks, BSC will probably just cease to exist.
@@noodles7157 how safe you think binance is, you reckon binance is secretly over leveraged too?
@@noodles7157 I think his point is even if you have a coin in your private wallet instead of in exchange, if the coin goes belly up it makes no difference.
@@martinaasandersen3775 yeah but when you buy a coin that may go belly up you are choosing to do so bc you believe in it and you have the power to sell or move it whenever you choose. People are instead choosing to trust that these brokers, essentially, will not mishandle their assets and as a result are losing their assets through misconduct or negligence of a 3rd party, through no control of their own. That’s totally different from speculating an asset will appreciate and being wrong.
It's almost like industries need to be properly regulated or else people will get up to some shit.
It's exactly why we need regulations. The anti-regulation rhetoric has gotten so out of control in the US and why these types of problems exist.
@@parrotletsrunearth1173 Well, the rhetoric is not the reason the problems exist, but it's absolutely making things worse and helping slow/prevent solutions.
And yeah; anyone who thinks a completely unregulated economy would not be an absolute s***show is just a bit nieve.
@@parrotletsrunearth1173 sam was pro regulation. He is the one introducing new bill . Pro regulation of transparent defi protocols. He just paid lobbyists so he could continue to scam with the new bill
Investing in cryptocurrencies is like anal sex. If you don't like don't do it, but don't regulate what your neighbour can and cannot do in their bedroom.
Best reporting.. you deserve the highest accolades
Coffeezilla called it again. Protect this man at all costs
They called SBF the "JP Morgan of crypto" a few months ago. Now I guess the title is taken by CZ in this weird king-of-the-hill robber baron game.
Not they. Only Jim Cramer said that
That is strangely prescient.
Makes you wonder how inversely competent the crypto Vanderbilt and Rockefellers would be
He is a schmug and control freak just like sukerberg. All that charade about him being carefree and not caring about money? ..pfff.
My man cz bought his first apartment last year and instead of wasting money buying politicians, he spends it in the company. Binance aint perfect but they wear way better the crypto ethos
@@RoolSkool I don't listen to Jim Cramer, but I still heard people saying that, so it was clearly more than just Cramer.
I don't want Coffeezilla to go out of business, but I do look forward to the day when there's no more wacky crap to report in the crypto world and he gets to investigate some other stuff, because crypto is either entirely dead or found its final form that isn't a blockchain full of scams.
coffee is not only about crypto scams, scammers are creative geniuses they come in all shapes and forms
Why do people think Centralized exchanges are the same as decentralized finance? Makes absolutely no sense to me. Centralized Exchanges have always been the scourge of crypto--the only exception I can think of in DeFi that was pretty bad from something that seemed legitimate was Terra.
Crypto will remain in a regulated enviroment, and 90% of the crypto market will die, cuz 90% are shitcoins. IT is very simple. The ones that will remain, will do real things and function in a regulated enviroment. If you want to buy these coins after everything is set, then you will enter a market with a total valuation of tens of trillions. If you want to make profit, you must risk and "swim" in a unregulated enviroment. I dont know why people are so surprised. Someone who invested at this point in time, should not be surprised by anything that is happening. It is normal. Every new tech has scams, not only crypto. In my country, the goverment implemented the free energy market, and didnt regulated it. You know what happened? People got bills 30 times the normal value. So this is not only crypto..this happens in an unregulated enviroment. Give people a day without regulations , and scams will thrive. In ANYTHING !
I don't think his job will go anywhere because I believe this 4year cycle will continue, there's always an Armageddon just around the corner..
its STILL unregulated - nothings gonna change until the underlying problem is addressed.
I want coffee like his, it stays steaming through every episode!
Love the effort put in by everyone to see how much they can convolute the underlying story of "yeah he lied and stole your money and nobody is really going to do anything about that because thats just how crypto rolls."
Imagine what happens to Tether if everyone starts withdrawing their money at the same time.
Pretty sure that would send a cascading crisis that would effectively end crypto currency.
@@jamiekamihachi3135 Can't happen quickly enough.
Same goes with all financial institutions, traditional banks/fiat. I don't know anyway any financial system can handle everybody taking their money out.
@@ThomasH7 the difference is that with fiat, the governments would do something about it.
Imagine what happens to any currency if everyone starts withdrawing their money at the same time lol
Such a friendly move from CZ to come to rescue his "friend" after he basically destroyed him... 😂
and still did not rescue
psyche
-CZ
He did it to himself tbh
Pro move
It’s going to get blocked and CZ is going to be fined billions, it’s textbook anti-trust to abuse the market like that, and whilst crypto isn’t regulated, business competitiveness is.
still lovely to see how arrogant Sam was and that was the exact thing that destroyed his plans, mf really kept poking his competitor just like a stupid 14yo.
The sheer amount of bots spamming about amc390t or whatever the fck is impressive
"This really was the last collapse in the cryptosphere." - every bag holder
This shit is utterly hilarious to watch in real time.
👍 I wake up very early; was wild watching this play out on Twitter in almost real time.
The years of being called a "nocoiner" are now paying off with me watching this dumpster fire without having any skin in the game.
It doesn't seem quite fair that I've never put a nickel into any crypto Ponzi, yet now I'm enjoying such bountiful returns in the rock-solid currency of schadenfreude.....
@@flashypork Exactly? My Spidey senses never trusted it and I worked too hard in my life to destroy my retirement on some non-regulated get rich quick scheme.
just one criticism, if your "money" is locked up in crypto it's not money, it's crypto.
Kinda looking forward to the next video on this topic, seems like he glossed over some of the SBF things
You did an excellent job explaining this mess yesterday 👍👏🏼👏🏼👏🏼
Literally one day later, and they're already walking away due to "bad financials". Did no one tell them? 😂
What a good show man, I just discovered your channel and instantly subscribed ❤️
Best Explanations. Thank you so much. Subscribed
this is like Vanderbilt stopping all the trains in and out of New York to tank (and subsequently buy) his competitor
This feels like Borderlands levels of company wars
GrifterWars
We're nearing a dystopian cyberpunk future where companies and corporations will start to wage war with each other using AI's and PMC services, just to maintain Crypto and NFT supremacy.
Time to stockpile your guns,ammo and EMP grenades boys.
Nah. Theres a distinctive lack of high level CEOs in high-tech ninja suits trying to decapitate their competition.
@@Timeward76 but there is the "If you shop anywhere else, I'll have you killed" vibes going.
@@Timeward76 Yet...
Good summary of it all. Thanks.
never piss off a chinese billionaire
The problems ain't over if Binance does through with the deal. Binance absorbing FTX just switches out 2 big piles of compost into 1 bigger one.
yeah I don't get why they'd do that. I'm sure CZ has a good reason, maybe he thought it'd be a big blow to the crypto world if FTX went insolvent, and it would affect his profits.
I swear you’re like the true Crypto expert lol and all the other “real crypto bros” just be reading charts and claims it’s “not a financial advice”. Good stuff 👍🏼
There was one crypto token group I was lurking in, and there was this guy always giving horoscope level BS chart readings... he got really quiet after the inevitable bust. Everyone's an expert during a bull run, just predict growth and you look like a genius in the short term.
Problem is that unfortunately it's all forensic analysis. There are far too many scams to report on to really analyze them before the rug is pulled. Hopefully enough of these sorts of videos will teach people to be a little more cautious with their investments.
Dirty Bubble Media and Matt Binder do a good job as well.
@@medes5597 also Crypto Critic's Corner! They were featured on Zilla's channel but I found them thru Binder and Chapo
@@LifeOrbes I forgot about them, but yes 100%. Also found them through Chapo.
You called it man! I love your videos! Keep up the amazing work!
What can we learn from this?
Important lesson.
Never hold anything on exchange that you can't afford to lose.
Wouldn't such a scheme be illegal in the regulated stock market?
LOL sheep 😂
That is why crypto bros hate regulation.
@@blixx87 How is that a sheep comment?
@@jacoblebold8462 Yeah, no shit.
Yes.
Here in Miami, Florida we have the FTX Arena (formerly the American Airlines Arena). I wonder what’s going to happen to it.
It's gonna be Binance Arena lmao
They will sell licensing rights to raise $$$ to settle debt.
Fr I’m curious too
They are immediately finding a new naming partner. That shit will be gone by next week.
They could rename it the SOUP BOWL.
I truly enjoy Coffeezillas research and knowledge in the matter.
It’s always a pleasure. The Content and your narrative is all worth the while.
All of my USDT is still going to buy AMC250T
This is a scam btw
Scam
Scam
Scam
scam with botted likes xD
This is why it's important to have the majority of your portfolio in your own dam wallets
The fact that at the end of day, each and every single one of these exchanges or whatever still go back to the US dollar shows how big of a logical fallacy these companies are.
No it just shows the US dollar is the biggest Ponzi scheme out there
exactly. The dollar is still the reference to everything crypto. Therefore, you cannot replace the dollar as the dominant currency.
@@BitcoinIsGoingToZero The last 600 years have seen multiple dominant currencies. The US dollar will eventually fall and another power, be it nation-state or corporation will rise.
Just like the dollar was linked to gold. And then one day it decoupled without issues. Crypto is and might never be ready, but it is possible
Great reporting. I really enjoy your work
Unrelated: I just keep staring at the steam from the coffee mug. I love your setup ☕️
Lmao same tho
god damn crypto companies be wildin over the last year.
fr fr no cap
Binance backed out of the deal
Cant wait too see you’re update!!!
People essentially bank without regulations only to find out why these regulations exist. Refuse to learn the lesson. Lather, rinse, repeat.
Libertarians and their crypto-cult fellow travelers seem to pride themselves on their total ignorance of history. Then again I guess they'd kinda have to, lest their theology begin to crack.
Munching popcorn aggressively. What a twist!
Man I’ve seen that interview *somewhere* …
Coffee is on point with the analysis
thank you dude, am new on holding & this is great content.
This feels very Gordon Gekko-esque. The Gordon Gekko aspect is that they set it up to swallow them up. Regardless of the wreckage they left behind. Also did they watch that special about Barry Minkow and how you could use PR to manipulate in the worst way?
gordon “greed is good” gekko? the villain that made a whole generation idolize him as a hero? u can thank hollywood.
gordon “greed is good” gecko? the villain that made a whole generation idolize him as a hero? u can thank hollywood.
Comments about the content when the video is 57s old? Damn, some fellas must be watching it at 1500% speed
nope, they are time travelers
So many people were backing FTX
what you described in your analogy is literally a thing that happens with fire fighters. There are several reports of a firefighter being an arsonist who would go around setting fires then be one of the people to show up to fight the fires. And was in a position to cover up the cause and or make it look like an accident or drug related. so, yeah, spot on analogy of what they did.
That is horrible oml
There are also a few doctors and many cops whove done this as well.
Watching from the sidelines has got to be one of the best things on earth to do
Bro bust nuts on people losing money😭
Haha yeah that's why I watch coffeezilla even though I don't own any crypto at all.
Crypto and Controversy are synonyms
Along with 'Ponzi scheme' and 'Scam' too
I love how the media wants to turn all of this into a comedy act, like all the people that put their life's savings into this company can just laugh it off and move on..
Crypto is a scam. Everybody who knows how to calculate intrinsic value knows that crypto is completely worthless. It always was, and it always will be.
hubris is the best form of comedy and i love it!
They should have kept thier lifes savings where it was instead of getting greedy. What you get.
Watching this in order rn
2022. The year corporate wars are fought on twitter.
Crypto doesnt seem very “decentralized” if a single company can go under and prevent you from getting your money
Crypto and exchanges aren't synonyms. If you store on a cold wallet crypto is decentralized. I never trusted these exchanges, if I buy on an exchange I immediately transfer to cold wallet.
because neither Binance nor FTX are decentralized exchanges, and that is why people always recommend retiring any crypto you buy and storing it on a cold wallet
They knew it was bull the whole time, they just said anything necessary to get you to give them money
This will make a great curb episode!
Too bad the buy out isn't happening anymore
EVERY TIME somebody in this space says your funds are safe, they are definitely not. 😂
FTX has been trying to acquire all the other bankrupt crypto companies this year. I wonder if that is what set them over the edge
Probably has more to do with owning a bunch of trash with a ton of leverage
Isn’t the Miami Heat arena sponsored by FTX? Does this mean Binance is poised to take over?
@@ugoeze7360 Binance dumped most of its 2.1b worth but still had around 550m left and now CZ wants to DD his 550m that dropped 80% and try to recoup losses around 60% not 80% onvce hes happy happier he will pull out like a rich dude in a fat chic.
@Ugo Eze cronos is the future maybe won't take over binance but cryptocom will be top 3
FTX wants all of the Crapto companies in one bus so they can all go over the cliff together.
This is why I keep money denominated in a currency, in a banks regulated by law, with insurance backed by a government.
Would be nice to dig up dirt on Binance, I’m sure they are not the angels they appear to be
Give this guy a Netflix series already!!
Netflix made cuties and defended and lost in a lawsuit about it.
Pass.
That really what you want though? Is Coffeezilla on Netflix really a better version of Coffeezilla? Or watered down compromises most likely?
I think instead of netflix, rather would be superior to be showcased by sunnyv2 ... including a collab with coffee, a major win win
Better than any friends sit com ever. He will take 700,000 an episode.
The masses must be kept braindead... Don't question anything you are fed...