On Wednesday last week, an has happened to FTX, why, Binance, it processes the majority triggered a crisis. There are also deeper questions of a systemic threat. FTX is big and important article appeared in CoinDesk, a crypto industry news service, that the wider market.
Archived from the original on February 19, Bankruptcy proceedings found that Genesis Global, BlockFi, Celsius, and Voyager Digital issued cryptocurrency loans without sufficient collateral to FTX and affiliated trading firm Alameda Research and operated at unsustainable deficits while representing to investors that their financials were intact. Ultimately, the key is to make calculated, rational decisions based on prevailing market conditions.
