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G-Force
Nov 15

Some notes on the FTX collapse

I don’t believe CZ intended to blow up FTX in this fashion. It seems more likely that CZ only intended to knock SBF down a peg or two after SBF’s attempts to sway US regulators into legislation that would benefit FTX and hinder the wider crypto community. It’s only because of the massive size of the FTX hole that CZ’s nudge was enough to completely implode FTX.On paper, the FTX collapse looks really bad for Solana and while I expect the price to continue to tank for the near term, assuming th...
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