Epic fight in the cryptocurrency circle, a 230 billion cryptocurrency giant went bankrupt in five days! (Part 1)
Today I will share with you the most ruthless Chinese tycoon, who bankrupted an international giant with a valuation of 32 billion US dollars in just five days!
On November 11, 2022, the second largest trading platform FTX set a new record, with $6 billion being run in just 72 hours and declared bankruptcy in five days. 100,000 creditors lost all their money, and the founder's net worth fell from $16 billion to $1. Hundreds of investment institutions including Softbank and Sequoia Capital have stepped on the thunder. On the surface, it seems to be a farce, but after deep digging, it is actually a fight between the two giants in the cryptocurrency circle!
One is the founder of FTX, SBF, nicknamed Exploding Head, and the other is the most ruthless tycoon in the cryptocurrency circle, ranked first on the Chinese list, and the founder of Binance, Zhao Changpeng. Afro is known as the Musk of the cryptocurrency circle. He is a top student in the Department of Physics at the Massachusetts Institute of Technology and is also known as the trader with the least faith. He became a billionaire by making money out of nothing in the cryptocurrency circle.
In May 2009, FTX, a cryptocurrency trading platform founded by Afro, was officially established, and the feud between him and Zhao also began in this year. At the beginning, Zhao's attitude towards Afro was to support the young back, which could be regarded as unsparing support. In December 2019, Zhao announced a strategic investment in Octafx, which raised the valuation of FTX to 1 billion US dollars in one fell swoop. Zhao never expected that the junior he personally supported was a notorious ungrateful person, and the first thing he did after he got up was to knock him down.