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The FTX cryptocalypse

Today, Explained

Binance vs United Airlines - Is This a Firm Deal?

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Binance CEO Cz tweeted that ftx asked for our help there is a significant liquidity crunchy It was not a firm deal and you could see it sort of in their tweets sam is saying this is such a great outcome You know we're going to be united with this world-class firm. No, no one will give him any money because financial investors are fairly savvy and they looked at this and said nope Like that is a whole and it is getting bigger. I don't buy the theory that this was all orchestrated By cz to take down a rival but there are plenty of people on the internet who do. This sounds like a very tumultuous if not like the worst week for crypto

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