😳 “You don’t go scrounging through your couch for change if you’re totally good for it.”
Was the FTX-Alameda connection closer than we thought? Is a criminal investigation coming? 👀 Here's why , & think that’s likely.
youtube.com/watch?v=lSn1QW
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Thinking this is an attack on FTX or Alameda is just copium and further removing SBF from accountability.
CZ knows how to run a business so he may have capitalized on this but to think this is a big bank run without evidence is pretty illogical.
It does make sense if FTT is the collateral. Eg if these loans were collateralised with ETH you could sell it very easily to cover the loan. The issue is FTT is illiquid garbage.
So CZ knew he had to do two things to take them down 1) Cause a sell off on FTT and 2) a bank run.
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