With each day that passes, more news comes to light about the FTX debacle and the shenanigans in the Bahamas, and what seems to have been blatant fraud on the part of Sam Bankman-Fried.
Over the last 24 hours it has emerged that Sam Bankman-Fried’s parents somehow managed to acquire over $100m in luxurious real estate in the Bahamas, which is particularly impressive considering their careers in the public sector.
Mismanagement of funds, extreme leverage, and misleading accounting have meant that FTX has been allowed to grow into one of the largest meltdowns that the financial world has ever seen, and a lot of people have lost huge amounts of money.
Dash 2 Trade users could have protected themselves from the fraud
A brand new crypto signals platform called Dash 2 Trade allows its users to make sense of what is happening in the markets, and to capitalise on the changing market dynamics as they happen.
Positioning itself as the “Bloomberg terminal of crypto”, Dash 2 Trade is a platform that allows users to have all the information that they could possibly need in order to trade effectively in such entropic markets.
— Dash 2 Trade (@dash2_trade) November 24, 2022
Dash 2 Trade users could have made use of the range of analytics that are available on the platform to prepare themselves for the collapse of FTX and the FTX token.
There were many signs that the collapse was imminent, and the social sentiment that Dash 2 Trade makes use of could have made this clearer than ever – the FTX token fell from $22 to just $2 in the space of 48 hours, which means that those who shorted it would have made handsome profits, and certainly been aware of the likelihood that withdrawals would be frozen.
The Dash 2 Trade presale is now live
The Dash 2 Trade presale is now live on their website, and has been selling out extremely quickly over the course of the last few weeks – the team has now managed to successfully raise $6.9m. This is particularly impressive when one considers that we are currently in the depths of a bear market.
Those who wish to preventatively protect themselves from fraud in the future could use the Dash 2 Trade platform so that they have a better chance of avoiding centralised exchanges at key moments, and capitalising on their collapses when they do fall.
Those who wish to participate in the presale can now do so before the price rises: currently the D2T token is selling for $0.05133, but this will rise to $0.0533 at the next stage.
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