WHAT IF BINANCE ENDS UP LIKE BANKMAN- FRIED FTX
I wasn't really bordered when some crypto projects started crashing during the bear time, we saw how terra Luna crashed with some other projects, but none of what happened then really touched me, at first I felt like it part of the crypto experience I have to learn so I was just watching how all the whole saga of failed crypto projects was going on, but to be honest the recent one that happened which is FTX Is something I was never expecting when I saw the news I was really astounded because I felt Bankman fried is a big name in the crypto system so he must know the business very well because if he doesn't he won't have been able to acquire a great amount of wealth from crypto.
looking at how big FTX is, it is worth billions of dollars making it one of the biggest crypto projects but unfortunately everything went down within a tickle of eye and now the Bankman fried has filed for bankruptcy. I am very sure that it is very hard for many to believe that FTX can go bankrupt. with what happened to FTX , I have begun to have this feeling that there are more crypto projects that will follow in the step of FTX.
in shot let me make it clear, I am having this feelings that one day binance which is the largest crypto exchange could also fall like FTX.i know it will be very hard for many to believe this, I can say to some people I saying nonsense but FTX is somehow to me saying any crypto project can crash irrespective of how big it may be. I am never wishing for such a thing to happen because it will affect the crypto world to a very great extent. but what if it happens? what will be the fate of the crypto system and its investors. right now I have began to feel that no big crypto exchange or organizations can be trusted.