• 1:37:14 - 1:40:47
Emergency LIVE Broadcast: Deep State Scrambles to Secure House as Democrat Crypto Scheme Reveals Unprecedented Corruption – FULL SHOW 11/14/22
The Fall of FTT and the Binance Dump
The collapse of FTX was triggered when CZ, the founder of Binance, discovered that FTX was wash trading its own FTT token to inflate its balance sheet. When Binance dumped $500 million worth of FTT, the price plummeted from $22 to $3, exposing a $9 billion hole in FTX's reserves. Armstrong notes that he had been warning followers to withdraw funds for weeks prior to the freeze.