In this clip from the LeoFinance AMA, we give our hot take on all the FTX drama. We filmed this AMA just before SBF officially got arrested.
There's a lot of news swirling around SBF and FTX. This has caused a record in volatility in the crypto markets.
But as of the last few weeks, things have been actually quite quiet. Today marked a small rally in BTC just as the hearings with the senate started. Kevin O'Leary is now being ousted as one of the top investors/spokespeople for SBF/FTX.
In this clip:
- Questioning FTX liquidity over the past
- FTX sponsors and events spending a lot bailing protocols
- SBF and Alameda research - crypto quant - speculation about their success cause FTX feeding data to Alameda
- Alameda's balance sheet held in FTT, users questioning the value = edge of bankruptcy? Insolvency for withdrawals
- Lots of capital withdrawn, limitations added, snowball effect and panic, insolvency theories
- CZ tweet opened pandora's box, Binance holding a lot of FTT (500M)
- SBF smokescreen about defending FTT price
- Radio silence from FTX and SBF
- FTX US safu
- Hindsight, Binance is out, now Tron is up
- CZ is a monster, genius
- SBF the WB of crypto, dream is over
- Effect of drama on crypto - Luna 2.0?
https://images.hive.blog/DQmTXsVnxYGZyRsnSEi4JqHhyzKF6m3Dd1RHT5Nyws5szYf/image.png
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
Twitter: https://twitter.com/FinanceLeo Discord: https://discord.gg/E4jePHe Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/ Microblog on Hive: https://leofinance.io/threads LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP Hivestats: https://hivestats.io LeoDex: https://leodex.io LeoFi: https://leofi.io BSC HBD (bHBD): https://wleo.io/hbd-bsc/ BSC HIVE (bHIVE): https://wleo.io/hive-bsc/ Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com PolyCUB (Polygon): https://polycub.com Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io
▶️ 3Speak
Return from FTX Drama and Our Hot Take to khaleelkazi's Web3 Blog
