Today is November 11.
Singles are busy celebrating Singles’ Day, while those in relationships are busy shopping up a storm for 11/11.
But seasoned crypto traders probably haven’t forgotten another date.
Today is also the fourth anniversary of FTX’s bankruptcy. 😭
On this day in 2022, FTX, once one of the world’s top-ranked crypto exchanges, officially filed for bankruptcy, and SBF stepped down as CEO.
Looking back now, those few days felt like a movie.
November 6: CZ announced he was preparing to liquidate his FTT holdings.
November 8: Binance was reportedly set to acquire FTX. (I dumped all my spot holdings into that violent pump.)
November 9: The acquisition talks fell apart. (A sudden, brutal plunge...)
November 11: FTX filed for bankruptcy.
In just a few days, an exchange once valued at as much as $32 billion collapsed.
Four years have flown by. FTX creditors have started receiving compensation, and SBF is behind bars.
I bet plenty of you still remember that collapse like it was yesterday.
While everyone else is busy emptying their shopping carts today, us crypto veterans can take a moment to look back.
What were you all doing during those few days when FTX collapsed in 2022? Did anyone have assets stuck there?
Let’s talk in the comments. I’d genuinely love to hear your stories from back then. 😂
Singles are busy celebrating Singles’ Day, while those in relationships are busy shopping up a storm for 11/11.
But seasoned crypto traders probably haven’t forgotten another date.
Today is also the fourth anniversary of FTX’s bankruptcy. 😭
On this day in 2022, FTX, once one of the world’s top-ranked crypto exchanges, officially filed for bankruptcy, and SBF stepped down as CEO.
Looking back now, those few days felt like a movie.
November 6: CZ announced he was preparing to liquidate his FTT holdings.
November 8: Binance was reportedly set to acquire FTX. (I dumped all my spot holdings into that violent pump.)
November 9: The acquisition talks fell apart. (A sudden, brutal plunge...)
November 11: FTX filed for bankruptcy.
In just a few days, an exchange once valued at as much as $32 billion collapsed.
Four years have flown by. FTX creditors have started receiving compensation, and SBF is behind bars.
I bet plenty of you still remember that collapse like it was yesterday.
While everyone else is busy emptying their shopping carts today, us crypto veterans can take a moment to look back.
What were you all doing during those few days when FTX collapsed in 2022? Did anyone have assets stuck there?
Let’s talk in the comments. I’d genuinely love to hear your stories from back then. 😂
