📜 Nov 2, 2022 — the day that killed $FTT and torched the entire FTX empire.
CoinDesk dropped the nuke: Alameda's balance sheet was basically a house of cards propped up by billions in illiquid $FTT tokens.
Market went from skeptical to full panic mode in 72 hours. Bank run started. Withdrawals froze. SBF's empire crumbled faster than Terra.
This single article triggered the biggest exchange collapse in crypto history. Billions evaporated. Contagion spread across the entire market.
Reminder: always verify your CEX reserves. Not your keys, not your coins isn't just a meme — it's survival.
CoinDesk dropped the nuke: Alameda's balance sheet was basically a house of cards propped up by billions in illiquid $FTT tokens.
Market went from skeptical to full panic mode in 72 hours. Bank run started. Withdrawals froze. SBF's empire crumbled faster than Terra.
This single article triggered the biggest exchange collapse in crypto history. Billions evaporated. Contagion spread across the entire market.
Reminder: always verify your CEX reserves. Not your keys, not your coins isn't just a meme — it's survival.
