You see that gold detection is more complicated and troublesome than Bitcoin, what I see is that the tokenization of gold indeed solves the drawbacks of gold's divisibility, payment speed, and physical storage. As gold has a consensus of thousands of years, the performance flaws have been resolved through tokenization! #ęÆē¹åøVS代åøåé»é
The FTX cryptocurrency exchange collapse incident, who knows? This is a highly impactful bankruptcy case in the crypto circle, let's take a look.
FTX was founded by Sam Bankman-Fried (SBF) in 2019, and at its peak was the third largest cryptocurrency exchange in the world, valued at $32 billion, attracting many well-known institutional investors such as Sequoia Capital and SoftBank, with over 1 million global users.
In May 2022, the Terra ecosystem collapsed, and FTX's associated hedge fund, Alameda Research, suffered a massive loss of $5.7 billion in this incident. To cover up the losses, SBF's team misappropriated FTX user funds to fill the gap and also transferred assets through illegal operations. In November 2022, the crisis erupted, and FTX and more than 100 affiliated companies filed for bankruptcy, leaving an $8 billion funding gap.
SBF was sentenced to a heavy prison term for wire fraud, conspiracy to commit money laundering, and six other charges, and was ordered to forfeit $11 billion. In February 2025, FTX began compensating users' assets, with the first batch of compensation reaching $1.2 billion, and plans to advance multiple rounds of compensation, with the overall compensation funds coming mainly from liquidating the platform and various assets of SBF.
This incident not only caused significant losses to a large number of global investors but also severely damaged the overall confidence in the cryptocurrency market, while promoting regulatory reforms in the global crypto field, forcing the industry to strengthen user asset segregation and transparent management.
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Binance will obtain regulatory approval in the Abu Dhabi Global Market (ADGM) on January 5, 2026. #ęÆē¹åøVS代åøåé»é #ETHčµ°åæåę #å åÆåøåŗč§åÆ #ē¾å½č®Øč®ŗBTCęē„åØå¤ $BTC {future}(BTCUSDT) $BNB {future}(BNBUSDT)
Binance will obtain regulatory approval in the Abu Dhabi Global Market (ADGM) on January 5, 2026. #ęÆē¹åøVS代åøåé»é #ETHčµ°åæåę #å åÆåøåŗč§åÆ #ē¾å½č®Øč®ŗBTCęē„åØå¤ $BTC {future}(BTCUSDT) $BNB {future}(BNBUSDT)