
NFT Morning Show - Friday 3/10
The Daily Bone (Formerly The Nifty)
00:00
What Happened in the Case of FTX?
Spencer: What happened in the case, like you're saying Spencer of FTX, it's the exact same thing. A bunch of people said, like us, crypto, crypto companies that have money say, shit, like this doesn't look good, this could cause contagion. And so what Genesis's books looks like on those days is more money going out than coming in. But now you got to figure out shit, what they had to do is they had to lock it down and sell essentially what's these long term assets.
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