3/3 Similarly, the uncirculated coins in solona ecological circulation are mortgaged to alameda. Alameda continues to deliver stable coins, and FTX keeps buying and buying. The clever thing about this is that although it can be cashed out, it can lock in liquidity. During the bull market, Unknowingly, everyone will panic when they look at Alameda's balance sheet during the bear market. Isn't this what Luna was like some time ago? FTX, the second largest exchange in the world, collapsed within 3 days, but this time FTX may not be as lucky as Network B. FTX has already issued bonds, and the bonds are FTT
2/3 The same trick has been used by FTX again. FTX mortgages circulating or even uncirculated FTT from Alameda. Alameda continuously delivers real cash stablecoins to FTX through cefi and defi in the bull market, and FTX creates another through investment. Public chain solona
The relationship between FTX and alameda is actually similar to the relationship between bitfinex and tether back then.
1/3 Tether issued additional USDT for Bitfinex, and B.net bought, bought, and bought. At that time, B.net became the world's No. 1 exchange. Later, Tether faced credit problems, and B.net's financial problems were exposed. The solution was for B.net to issue 1 billion bonds. We survived the storm, but since then there has been no b-net for mainstream exchanges.
We must not panic about the market. What we are facing now are large investors including #sbf, institutions and retail investors who are constantly draining market liquidity due to FTX thunderstorms. A single event cannot change the overall market. Tomorrow will be better! LFG🚀🚀🚀