FTX and its 100-plus affiliates around the world had deep ties with other companies, and served more than 1 million customers. That made it easy forBlockFi, one of a handful of companies FTX bailed out in recent months, has paused client withdrawals, citing"significant exposure to FTX and associated corporate entities." It asked its customers not to make any deposits, as well.
At the same time, the collapse of FTX hasn't been limited to companies and investors with direct exposure to the bankrupt business. The spectacular implosion of the exchange, valued earlier this year at more than $30 billion, has stoked volatility in crypto and led the values of cryptocurrencies and bitcoin, which were already dropping, to fall even more.
Not your keys not your coins
Genesis, the band, is already defunct
Do democrats who received big donations from FTX plan on giving that money back?
Well, I know if it’s a company that funds the DNC and we will not know a thing about it until they can’t hide it anymore.
If the CEO is a greedy fraudulent grifter, then odds are yes.
Genesis is not an exchange. Jfc
It will.
😂
This should shock no one.
Duh
yes