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FTX is insolvent
Sam reached out to CZ for bailout after trying all options
CZ and Binance going into a deal to acquire FTX
Next day bail out of the deal
FTX in a deeper whole than the previous $2 billion thought
FTX needs over $8 billion to be ok
Only option is bankruptcy
Investors are toast.
Sosad
FTX is insolvent
Sam reached out to CZ for bailout after trying all options
CZ and Binance going into a deal to acquire FTX
Next day bail out of the deal
FTX in a deeper whole than the previous $2 billion thought
FTX needs over $8 billion to be ok
Only option is bankruptcy
Investors are toast.
Sosad
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