Cryptocurrency markets were mixed after the world’s largest crypto exchange Binance’s decision to buy FTX. Do Kwon, CEO of Terra (LUNA), evaluated the events.
Do Kwon November 8 In a program he participated in, he talked about what happened between Binance and FTX and of FTT Token 70% of losing value on $2.5 commented on the fall. Do Kwon, in such situations crisis management is very important underlined that.
Another guest on the show Martin Shkrelistating that he doubts Binance’s acquisition of FTX will work, stating that FTX’s balance sheet deficit bigger than expected suggested it might. shkreli, securities fraud on the market before he was convicted “Pharma Bro” was known as
Do Kwon stated that the company assumes that the sale price is realized at a reasonable discount, noting that if Binance CEO Changpeng Zhao (CZ) steps in and users integrate, FTX CEO Sam Bankman-Fried will have nothing to worry about expressed. According to Do Kwon, Bankman-Fried will deal with something else after the sale.
But when Kwon was asked if he would invest in Bankman-Fried’s new venture, he said he wasn’t a big fan of investing, and had yet to say so. too early stated that.
On the other hand, Martin Shkreli told Do Kwon during the broadcast that the prison it’s not a bad place told. Emphasizing that he is not constantly on the run, Do Kwon responded. “Good to know that.” said.