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?
FTX invested in a lot of projects in the last few years through Alameda and just because FTX was an investor in a project does not mean automatically that this project is now bad all of sudden just because FTX has gone bankrupt and is gone now. Of course you have to double check first how how the investment of Alameda was in those projects. I also think the worst thing that can happen is that the tokens that are owned by Alameda and therefore FTX could be sold off within a very short period of time if FTX is forced to pay back their debts to its creditors, but i don't really how that works or if that is realistic.