What are the consequences after FTX bankruptcy? - page 2.

YOSHIE

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Quote from: Marvell1 on November 11, 2022, 11:16:28 PM

The collapse of a big fish like FTX will lead to hundreds of other bankruptcies,

Of course, the collapse of FTX will cause long-term consequences and concerns for other crypto companies and investors, many view and at the same time feel distrust that FTX is a company that is relatively safe but can cause destruction, this will be vulnerable and have a negative effect on crypto assets in other companies.

In addition to the statement of the CEO of Binance, who said.

Quote

Binance announced it will be selling FTX tokens, FTT in $529 million increments. Binance's decision is clearly making the crypto market boisterous and questioning what is going on.

This statement will lead to potential and ongoing negative issues, which could occur for the bankruptcy that occurs against FTX and Alameda, in general the effect that occurs on FTX will affect and have bad pressure for other exchanges, like CoinDesk, Coinbase and others, as they are also one of the highest volume trading FTX tokens.

michellee

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The crypto market may have a downturn like the ones we've had before. But that won't make the crypto market lose its strength to rise because these times will end and when people decide to exit the market, they will lose the moment to stay afloat and finally be able to get profitable again.

Let it all reveal itself because this is like a purge from the crypto market of projects that are not good and just want to scam people who invest in crypto. We should wait for what will happen in the market and in the meantime, we can return to investing in bitcoin only, which will provide benefits in the future, rather than investing in altcoins that are trying to survive.

hugeblack

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Are these companies really influential or independent financial entities? Personally, I did not hear most of them and did not hear a real development presented by that platform, and therefore the most precious of these companies is directly or indirectly affiliated with FTX, and it is not affected by FTX bankruptcy.

We have to expect that the only one has happened or close to the occurrence, and we hope that the situation is not that bad, otherwise the damage will be greater.

Marvell1

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The collapse of a big fish like FTX will lead to hundreds of other bankruptcies, the long-running TV series about FTX is just the beginning. Luna's death alone led to many crashes like 3AC, Celsius Network... and blew away 60 billion market capitalization. FTX is something much bigger, I have a feeling that the storm has just begun and we are not yet the center of the storm, the crash of FTX will be bigger than what Luna or Mt.gox ever caused.
In just 3 days, information related to the collapse of FTX caused the market to evaporate 150 billion and I believe this number will increase when they are officially declared bankrupt under Chapter 11.

The empire of FTX and the companies they associate with and invest in.

https://docs.google.com/spreadsheets/d/159Qjz1F9uyElsr8oIdNzCz-R_4dCAQgPbpvzR24AHbw/edit#gid=0

134 companies filed for bankruptcy with FTX
https://twitter.com/Blockworks_/status/1591086026327326720?fbclid=IwAR3w3Ah5zNKZuRkxaXq0__Lofv2OvfODUqcds96QFIKtZH9j4LhFHLqKdvI

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