Quote from: Vinaa77 on Today at 09:27:39 PM

Quote from: XEN_Protocol on November 09, 2022, 05:24:37 PM

Galaxy Digital also have over 70 million dollars tied to FTX Exchange, they are now withdrawing 47m $ and already at a loss of 68m $, I think we will keep seeing some more dips.

I can't say that this is something planned to make a crypto price dump. But games like this are highly structured, so crypto prices will dump simultaneously. Of course, the withdrawal of assets in each exchange with a large amount will make the coin price drop even more.
The FTX exchange is having problems with the withdrawal of some assets from this exchange. If they cannot maintain this condition, of course they will go bankrupt, and make stockholders have to close their exchanges.

It's not worth noting that they need to withdraw, not sure how much money they have invested or how much they were able to withdraw because it's a messed right now.

The whole crypto market? yeah, but bitcoin? doubt that, I have never heard whales dumping simultaneously to bring the price. And as in other threads, it's not bitcoin's fault here, we are just being dragged by the FTX collapsed that it seems that we are dumping to lowest low.

Obvioulsy by now, it's already a collapsed, CZ is not going to bail them out.