FTX Bankrun, How to Withdrawal(About the possibilities)
https://blog.naver.com/cointalker/222925652245
This article translates the link above.
During the previous OKX suspension of deposit and withdrawal, Justin Sun once took measures to enable withdrawal with Tron.
Perhaps because of that precedent, the current price of FTX Tron is almost twice as high as the market price
The tail is very long
So you can think of a possibility that this could still be the beginning
But the price of Tron is already twice the difference between FTX and Binance
Honestly, how can I buy this?
So the other alternative is to buy a token that can be withdrawn from BNB or BSC with the money tied to FTX
Anyway, it remains the same that Zangfengjiao, who did something wrong with FTX and SBF, led FTX Bank Run and hit the last
He can't avoid an arrow of reproach
I don't know if it was intentional or not
The aftermath of the ftx incident on the market is very big, so I think Jjangfengjiao could do a show.
So, I'm going to roll a brain official
Wouldn't Changfengjiao be able to support BNB or BSC-based withdrawals for FTX users like Changfeng's OKEX TRX?
Then users who look like they're bank-run will buy BNB as soon as the notice or Twitter or something comes up
But if you continue to support withdrawals, not single withdrawals?
Then the BNB price in FTX can jump several times and tens of times from the city price
But even in that situation, if a lot of FTX users withdraw money at a loss,
The burden is greatly reduced when someone takes over the FTX exchange
Wouldn't it be good for the people who need to be compensated to withdraw at a loss?
But that's not the end.
If I'm SBF or Changfengjiao, and I've "intentionally" led the way,
I'm sure you'll be short selling in kind with the master account
He sold BNB, which will go up several times, to the master account
Helping people live at a loss makes the exchange lighter
At that time, it slowly reduces short selling in kind, and as rich users lose money, the exchange becomes lighter, and it can generate profits from short selling with a master account
If this process works out better than you think, this FTX situation could solve the problem smoothly
In order for this delusion to come true,
From SBF's perspective, compared to when they couldn't withdraw their money,
The crime of manipulating the market price using the master account is lighter on the assumption
Won't it converge at 99.99 percent?
I used BNB as an example
No one knows which coin will be chosen
But if it's BNB, I think I can do the dishes like that
I imagined that
If my writing was helpful, or if you haven't signed up for Binance yet,
If you sign up through the link below, you can get a 20% spot transaction fee
Shortly after posting, Justin Sun proceeded with the same measures as the text.
Furthermore, if other coin developers or foundations perform similar actions, the risk rate of FTX bank runs can be greatly reduced.
In addition, the more coin developers and foundations participate, the less risk they take, and rather, they can try to generate long-term profits through premiums generated by FTX.
However, this method will be more meaningful only when someone persuades many coin developers and foundations and "all together and at once."