So much for FTX in Miami...
https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-ethereum-prices-binance-ftx-takeover/
https://www.coindesk.com/business/2022/09/27/crypto-exchange-ftx-is-moving-its-us-headquarters-from-chicago-to-miami/
3 replies (most recent on top)
https://nypost.com/2022/11/14/larry-summers-likens-ftx-collapse-to-enron-whiffs-of-fraud/?dicbo=v2-37fedf43c91c2364c7bb9201c425423c
"The overall cryptocurrency market faces risks of contagion as Sam Bankman-Fried's FTX files for bankruptcy, according to Citi analyst Joseph Ayoub."
https://www.msn.com/en-us/money/markets/crypto-faces-a-serious-risk-of-broader-contagion-as-ftx-collapses-and-it-s-unclear-how-deep-it-will-go-citi-analyst-says/
It is basically Unrestricted Warfare launched by their Chinese competitor. Intentionally destroy their credits which is the foundation of the currency.