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4min chapter
What is Happening with FTX and Binance?
Let's Appreciate
The Insolvency of Alameda Research
FTX was a powerhouse so that they were able to step in and save everything. But then alarm bells began to rain with resignations from Bet Harrison, the former FTX president,. Sam Trebucco, the Alameda CEO, both stepping down. CZ is going to officially acquire FTX. He caused this liquidity crunch through plans of selling FTT on the open market.
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