Withdraw your assets from FTX ASAP.
1 min read
Many don’t know but SBF is lobbying against Defi, which CZ was implying in his recent tweet.
So the rumour now is that FTX is insolvent and the way Sam is responding just like the way Celsius CEO was doing. We’ll see it for ourselves real soon.
What is funny is that Sam is pushing for regulation, KYC, and pretty much everything is against Defi. But Defi is the way that provides transparency: on-chain proof and self-custody.
Very real soon we’ll know if there is a run on the bank with regard to FTX. But things are escalating now that stable coin reserves on FTX is depleting to a new low now.
TLDR: if you are FTX users, withdraw your assets ASAP. Don’t learn it hard way the way Celsius users did. Period.
submitted by /u/hoanglpr
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