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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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