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?
Just tell him the higher risk if he will keep that particular project knowing the issue of FTX. Diversification is needed for him to secure his money before it gets compromised and loses it. We need to anticipate the possible thing to happen as this exchange has already been compromised. Better suggest him OP put his money into reliable projects that can give him sure profit like Bitcoin or any of the top 10 coins in the CMC rather than investing in not known altcoins.