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Almost the only agenda of the cryptocurrency community in recent days, The bankruptcy of FTX. of the world the biggest A published article on FTX, which belongs to
Almost the only agenda of the cryptocurrency community in recent days, The bankruptcy of FTX. of the world the biggest A published article on FTX, which belongs to the exchanges, caused the bankruptcy of the stock market and a major hit in the cryptocurrency markets. to collapse led to The last point we reached is the bankruptcy of FTX in the industry. Domino Effect reveals what he made.
By the way, it was already predicted that such a situation could arise. The world’s number one cryptocurrency exchange Binance‘s CEO, Changpeng Zhao, raised this possibility and warned all investors. Now we see what is feared. As relatively small cryptocurrency exchanges make statements one after the other, are on the verge of bankruptcy. they announce.
Analysis of cryptocurrencies is beginning to reveal that crypto exchanges are not trusted. Because in a few days more than 5 billion dollars money was withdrawn from the markets. This is exactly why the stock markets got into trouble. Increased withdrawal requirements because they hold no collateral or insurance funds unable to pay some exchanges began to urgently need cash. Finding money quickly in such an environment is of course not easy.
If we look at the latest developments, we see that the stock markets are generally in trouble Connected to FTX we see that. However, if things continue like this, it looks like bankruptcy announcements could increase and even out of FTX. Well for now in emergency What are the scholarships? Let’s take a closer look together at the allegations and statements made on this topic.
Looking at the official statements, alarm bells are ringing at the Hong Kong-based cryptocurrency exchange. Full recordings are suspended The exchange announced that it is working on both making payments and continuing business operations. Urgently capital increase The applicant company states that they are unlikely to find hot money anytime soon, but that the money they need is low for market conditions. Official statement from AAX from here available.
He closed a massive $400 million deal with FTX. BlockFiIt’s not going well. The exchange, which has suspended almost all of its services, including withdrawals, due to the current circumstances, says it has enough liquidity but has taken such a decision to make the right decision about what to do. Wall Street JournalAccording to a report in , BlockFi is preparing to file for bankruptcy and has begun layoffs. BlockFi’s comments from here you can read.
Another cryptocurrency exchange hit by FTX bankruptcy liquid. The platform, which was acquired by FTX a while ago, has made withdrawals and deposits fully available in the past few hours. have stopped explained. Fluid’s description from here you can follow.
with cryptocurrencies lender The company named Salt said that the FTX bankruptcy has also damaged them and the transactions must be interrupted to find the damage in the company. Or the company goes bankrupt Unknown However, borrowing with crypto is thought to do a lot of damage after the market crash.
The statements made are expected to help cryptocurrency investors sleep more comfortably for a while. not it reveals. Let’s see what happens next…
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Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.
