The past two weeks have been the largest amount of news-input we probably ever got. Obviously due to the FTX-collapse and its massive aftermath that will surely be felt for a long time in crypto. Everyday we have been getting news headlines and many of those headlines have been proven false just the day after.
Especially in connection to SBF we had a lot of false news as he had such a big network of powerful figures he donated to (with our money). For example:
-WaPo made up the story that SBF was doing a lot for "pandemic prevention" which apparently is a code for them to massively donate stolen money to politicians and lobby your way into the government.
But even apart of SBF we had a lot of false news being spread:
CZ going to meet a big Abu Dhabi investor for his "recovery fund". CZ himself afterwards confirmed that this news was false.
CZ also himself saying that Coinbase does not have enough reserves. Just to delete his tweet afterwards as Coinbase laid out that they have 2M BTC right now. Which is also way more than Binance even though binance is the biggest exchange.
I think the point is clear. Before making any big decisions or getting overly sentimental on some news wait for it to be fact-checked by people. Especially right now as Crypto CEOs are trying their best to spread a very positive image of themselves.
Be careful everyone.
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