Avalanche of investors sell off Ethereum

Avalanche of investors sell off Ethereum, dropping prices by 50% since October

-Alameda is a company that owns FTX, a crypto exchange which has come under scrutiny for its balance sheet which is full of FTT tokens – this is problematic because FTT is a token created by FTX’s sister company, not an independent asset
-This means that the trading fund rests on a foundation largely made up of a coin invented by its sister company, which raises questions about the independence of Alameda’s operations
-This is a problem because FTT is a token that is not an independent asset, and this raises questions about the independence of Alameda’s operations

II63DRJINRHQDMVXRDLZGA3PIU Avalanche of investors sell off Ethereum, dropping prices by 50% since October

Leave a Reply