Kraken CEO Discusses Impact of FTX Failure — Says Damage to Crypto Industry Is Huge, Will Take Years to Undo
Powell listed a number of FTX red flags. Referring to former FTX CEO Sam Bankman-Fried, who stepped down after the bankruptcy filing, Powell explained that the first red flag is “acting like you know everything after showing up to the battle 8 years late.” The second red flag is spending “9 figs buying political favor.” The third is “being overeager to please DC,” and the fourth is making “huge ego purchases, like 9-fig sports deals.
People have refused to learn the right way... Bitcoin surfaced so you can have direct control of your Money... Exchange is another banking system, not crypto.... Know this: NOT YOUR KEYS, NOT YOUR COINS
Under USA bankruptcy laws, an entity that fails to meet its obligation can file for protection under Chapter 11 of the United States Bankruptcy Code. Taking this step allows the defaulting entity to recapitalize and eventually emerge from bankruptcy with more equity than debt.
Only utility token will survive xrp 🚀🚀
Without trust in crypto, fewer newer investors, in turn less liquidity. Crypto prices will then become stagnant or drop like a stone when everyone is shorting.
I see it as a great opportunity to step into crypto! Because of 1 fool named SBF manipulate everything. crypto will still be a lucrative business to step in to!
Most exchanges do not keep much fiat currency. Secrets can not be leaked will go out of business
Lol, I only listen to ChiefraFba for signals and analysis
Amazing! I have recently started using ChiefraFba for signals, his accuracy is INSANE!
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