“Bank run” ruins FTX… CEO’s of exchanges should not fight wars on Twitter!

CEO war on Twitter

Yesterday the CEO’s of Binance and FTX, both major crypto exchanges were fighting out a war on Twitter. Resulting in a “bank run” of customers of FTX. More than 450 million dollars in stable coins got withdrawn from FTX in a matter of hours. Which created a situation where FTX became virtually bankrupt.

Next, FTX has to go to Binance to get rescued, this all because of a Twitter war…

Of course this all a bit oversimplified, but it is in short what happened in the last 24 hours. Creating a massive dump in the complete crypto market. Where once again millions of dollars got evaporated. And the crypto universe gets bad advertising, once again.

CEO’s of such businesses should not be talking shit on social media platforms. They have a huge responsibility in this. This isn’t the Wild West, it’s a real market of real currency. And they should be held accountable for their actions, in my opinion.

A dark day in the history of crypto…

Sincerely,

Pele23



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6 comments
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Today was a crazy market. There will be many liquidated positions. I hope we stay in the 20k BTC area.

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In short, what has the FTX CEO been blamed for? !BBH

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@pele23! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @svanbo. (1/1)

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Well, he sure wasn’t smart to sell all of his coins to one big speculator on the day of the ICO. That makes you extremely vulnerable as a company

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I simply ignore this kind-of BS, mostly use DEXs anyway... centralized exchanges are not worth of any attention.

Posted using LasseCash

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