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CD81: shitcoin apocalypse, macro environment, self custody all time high, bitcoin fundamentals with @DylanLeClair_ and @_Checkmatey_

Citadel Dispatch

CHAPTER

CZ Snap-Out Into FTX

FTX was a straight Ponzi's game. Like they took the ICO model and then added a full stack exchange on top of it where they can trade and borrow against their own token and their users on the exchange. And with all of that edge, they still lost. I'm pretty sure like CZ was connected to that leak. Then he went for the kill shop publicly. He needed like cover. It was like a false flag article. Yeah. Even if it wasn't right, you can see that he's a, he's a pretty skilled operator. He saw the opportunity and he took it. But who knows when they just seen the losses. Michael Jasonek said

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