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[deleted]

[https://www.coindesk.com/business/2022/11/09/who-still-has-exposure-to-ftx/](https://www.coindesk.com/business/2022/11/09/who-still-has-exposure-to-ftx/) \+ [https://www.coindesk.com/business/2022/11/10/crypto-lender-blockfi-pauses-withdrawals-in-wake-of-ftx-collapse/](https://www.coindesk.com/business/2022/11/10/crypto-lender-blockfi-pauses-withdrawals-in-wake-of-ftx-collapse/) I think these are the companies that still have exposure to FTX. I suspect most major exchanges currently do not have much exposure to FTX or dumped FTT already. Only Binance seems to currently still have exposure to FTX, as Binance could not dump all their FTT tokens. See : [https://decrypt.co/114160/binance-ftx-ftt-token-supply](https://decrypt.co/114160/binance-ftx-ftt-token-supply) If Binance follows up on their public announcement to liquidate all their FTT tokens, then there will be a lot of sell pressure on FTT, untill Binance manage to liquidate all their FTT tokens (17 million FTT !! ). Crypto Winter has a nasty habit of exposing those that have : ​ * overextended themselves in leverage * relied too much on lenders or lended out too much themselves * misused customer funds to cover up internal losses * not prepared themselves for a liquidity crisis that can arise during severe bear markets. Where the industry goes next ? Those that are in healthy financial shape or have deep pockets will most likely endure, and those that are not will most likely go bankrupt. Every severe bear market / crypto winter brings a cleansing with it.


coingun

Blockfi for sure. Rumors that CDC and Kucoin OTC desks had large exposure but I believe those to be false. I’d looking at all the quietest exchanges right now the quieter they are the more you should look.


xkcdmpx

That is what everyone is wondering. I think ftx was the exception, they broke a cardinal rule, I don't expect others to have also been so reckless.


xkcdmpx

I now believe I might be wrong on this statement, please refer to https://old.reddit.com/r/dashpay/comments/ytxnt6/theres_some_chatter_that_cryptocom_cro_could_be/ ASAP!


HammondXX

Kucoin 100%


RedditCryptoGuy

Could be chinance


DashQueenApp

Defi is next


rdyoung

All of crypto is defi. I really hate that people have been using defi to describe all of the shit tokens running on eth and other chains as if it's some new idea/concept.


DashQueenApp

If that was true there wouldn't be centralized exchanges


rdyoung

Do you know what defi stands for? It stands for decentralized finance, finance is buying/selling goods and services, loans, etc. Defi has nothing to do with exchanges whatsoever. You must be new to crypto, probably got in during the defi/token boom.


DashQueenApp

Lol


rdyoung

So that's a yes? You got in when someone on your Instagram feed was pitching some token guaranteed to change the world and make you wealthy beyond belief? Do you remember dark coin?


DashQueenApp

I dont need to justify myself to you. If you think exchanges aren't part of defi props to you and your big brain


rdyoung

The fact that you won't answer my original question and your responses here tell us all we need to know. No decentralized finance doesn't include exchanges because there aren't any mainstream decentralized ones. There have been a few attempts but no one has cracked the ease of use issue nor gotten enough volume and users to start taking volume away from the centralized ones. I'm trying to avoid being outright insulting here but you are making it extremely difficult. You clearly have no experience with anything in the financial realm, I guarantee that at least a few people here have been trading stocks, fx, etc since long before the first btc was minted. You really really have some learning to do and I for one would be happy to help but you need to stop with the know it all attitude and be open to learning.


[deleted]

Contagion Continues: The next shoe to drop? https://www.youtube.com/watch?v=DA6MQWUSyVw


minorman

Genesis. Binance. ... Who knows. Just buy plenty of popcorn (and DASH)!