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in category Uncategorized FTX and the Crypto Meltdown
In early November 2022, crypto exchange FTX imploded. The whole story is not yet known, and likely won't be until investigations run their course, which will likely take months....
In early November 2022, crypto exchange FTX imploded. The whole story is not yet known, and likely won't be until investigations run their course, which will likely take months. However we do know that there was a liquidity crunch amidst the plummeting value of it's own FTT token. Beyond that, lots of speculation at this time. The purpose of this group is to continue discussion of what has taken place, further developments surrounding FTX, other crypto exchanges, and what it means for crypto and potentially the rest of the securities markets (stocks, bonds, treasuries) going forward. It's not for judging or discussion whether any particular crypto coin/token/etc. is a sham or the future. This is a group where participation is by Invite Only. I have been advised that if the discussion gets out of hand, the group will be dissolved. So PLEASE, let's keep it on topic and civil.
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