CEO Binance dzieli się lekcjami z upadku FTX
- CEO Binance, CZ, odradzał firmom kryptograficznym używanie ich rodzimych tokenów jako zabezpieczenia i pożyczanie.
- FTX miał kryzys płynności po tym, jak CZ napisał na Twitterze, że Binance zlikwiduje swoje pakiety FTT.
- A recent Bloomberg post has revealed that Sam Bankman-Fried has lost a chunk of his fortune, taking him off the company’s top 500.
With the battle of the titans officially over, Binance CEO, Changpeng “CZ” Zhao has emerged as the superpower of the market after seeing off his biggest competitor, FTX. CZ later took to Twitter to share “two big lessons” from the FTX situation. The crypto billionaire advised exchanges against using their native tokens as collateral and also to keep large reserves.
Binance złożył niewiążący list intencyjny nabyć FTX after the exchange had liquidity problems. Sharing from his wealth of experience, the 45-year-old CZ advised crypto companies against borrowing, adding that “Binance has never used BNB for collateral, and we have never taken on debt.”
FTX’s liquidity problems were triggered by a post made by CZ, in which he claimed Binance would liquidate its FTT holdings, citing “recent revelations.” FTX users recently complained about sluggish withdrawals, sparking fears the exchange did not have enough to cover user funds.
The specifics of the takeover are yet unknown, but it does not involve FTX.US, the exchange’s American subsidiary, which was valued at about $8 billion earlier this year.
SBF Falls From Bloomberg’s Billionaire List
Sam Bankman-Fried was one of the few crypto billionaires, with his wealth once said to have approached $20 billion. However, SBF might not have the luxury of his “billionaire” title anymore after losing 94% of his personal wealth due to the recent crisis. According to the Bloomberg Billionaires Index, SBF no longer appears in the company’s top 500.
Bankman-Fried okazał się jedną z najgłośniejszych i najpotężniejszych postaci w świecie kryptowalut. Oprócz przejmowania ogarniętych walką firm, SBF rozszerzył swoje wpływy na przestrzeń polityczną USA, wykorzystując swoją siłę finansową do popychania polityków, którzy popierają jego ideologie. Bloomberg zgłoszone że SBF może zobaczyć, jak jego bogactwo się zmniejszy, jeśli Binance pomyślnie przejmie FTX.
Bankman-Fried posiadał udziały 53% w FTX. Zanim pojawiła się informacja o potencjalnym przejęciu, FTX był wyceniany na $6,2 mld. SBF zachował również własność Alameda Research, zwiększając swój majątek o dodatkowy $7,4 miliarda.
The Bloomberg wealth index values the two companies at just $1, which estimates that Bankman-Fried and current investors will lose everything due to the Binance acquisition. As a result, Bankman-Fried’s value decreased from $15.6 billion on November 8 to approximately $1 billion, marking the biggest single-day collapse that Bloomberg recorded.