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Crypto Currency: The FTX incident
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It's been a wild ride for crypto traders this week because of the FTX incident. Read full story>> BTC hits a 2-year low around $16K ETH plu Show More
It's been a wild ride for crypto traders this week because of the FTX incident.

BTC hits a 2-year low around $16K
ETH plunge almost 30% under $1200
Alameda-Backed Tokens FTT is now worth slightly more than $3
Since the incident is highly complicated, let's break the whole thing down and create a  timeline.  

Nov. 2- CoinDesk pointed out several concerns on quantitative trading firm Alameda research's balance sheet

Nov. 6- The CEOs of Binance Changpeng Zhao (CZ) and CEOs of FTX Sam Bankman-Fried (SBF)  got into a Twitter feud.

Nov. 7- Binance to Sell Rest of FTX Token Holdings as Alameda CEO Defends Firm's Financial Condition

Nov. 8- Binance CEO announces intent to acquire FTX to 'help cover the liquidity crunch'

Nov. 10- Binance has walked away from a bailout deal of its smaller rival FTX

Any thoughts on this?
Do you think it's a great opportunity to "buy the dip"? Or it's more like a trap that all traders should be aware of?
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