This is probably going to get worse. "Alameda is looking at going under. They've been using FTT as collateral which CZ is letting go to 0. The two biggest lenders Blockfi and Genesis will be left holding illiquid FTT that is soon to be worthless because CZ isn't bailing them out this time"
alameda, is supposedly sister company of ftx
they where holding a huge chunck of ftt, but since ftt lose all its value, so did all the coins they holded
which is pretty stupid, these companies need to quit holding so much assets on these dam coins, and hold gold or something
and it all started over a interview sam did, that supposedly trashed cz, so cz took retaliation and whales took advantage.
