A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?
Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .
What will you do in this case?
Since the ftx fiasco, I think many investors will rightly pull out of any project connected to that company, it seem whatever they touch will end up having issues in the long run, I recently read that Do Kwon blaming ftx and Alameda for the down fall of ust and luna. It seems the authorities are looking into this recent development.
It is up to your friend to do what he feels right but from the look of things, that company already messed up it's reputation, I doubt it will be business as usual for them anymore.