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Midterms Madness, Meta Layoffs, Disney Slumps and the FTX Fallout Hits Crypto 11/9/22

Squawk on the Street

00:00

FTX Bailout

Binance, the world's largest crypto exchange said it has signed that letter of intent for FTX's non-US businesses. This is a Saturday situation. We're not done talking about Disney by a long shot. The level of opacity here, the fact that there was a hedge fund involved that he controlled, Colalameda, that had as much as half of its assets in the FTX coin. Where are the regulators? I told you, Jay Gould. He tried to corner the gold market and grand destroyed them by dumping us.

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