Chain Protocol CEO said that he is selling NFT to raise funds because the project has liquidity problems when there are tens of millions of dollars locked on FTX.

On November 11, Deepak.eth, a well-known crypto collector, said on Twitter that due to the 8-digit risk in his Chain Protocol project on FTX as CEO, the project The project is currently having liquidity problems, so he decided to sell.

Precious NFT blue chips are kept in bulk for fundraising. Currently, Deepak.eth’s Twitter has listed all the NFTs for sale, indicating that they are looking at an 8,000 ETH bundle or a top-of-the-line sale.

Occupying a large share in the Crypto market, FTX’s liquidity crisis has caused many retail investors and investment funds to struggle. Not just Chain Protocol, crypto lending platform BlockFi today also announced an indefinite pause on customer withdrawals.

Currently, FTX of Sam Bankman-Fried is facing the risk of having to file for bankruptcy because there is no capital to pour in.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

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CoinCu News

# Cryptocurrencies

BlockFi

chain protocol

crypto

Deepak.eth

FTX

liquidation

Author

Victor

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Market

Chain Protocol CEO Is Selling NFT Due To Liquidity Issues During FTX Crash

Chain Protocol CEO said that he is selling NFT to raise funds because the project has liquidity problems when there are tens of millions of dollars locked on FTX.

On November 11, Deepak.eth, a well-known crypto collector, said on Twitter that due to the 8-digit risk in his Chain Protocol project on FTX as CEO, the project The project is currently having liquidity problems, so he decided to sell.

https://twitter.com/dt_chain/status/1590866895124799491

Precious NFT blue chips are kept in bulk for fundraising. Currently, Deepak.eth’s Twitter has listed all the NFTs for sale, indicating that they are looking at an 8,000 ETH bundle or a top-of-the-line sale.

Occupying a large share in the Crypto market, FTX’s liquidity crisis has caused many retail investors and investment funds to struggle. Not just Chain Protocol, crypto lending platform BlockFi today also announced an indefinite pause on customer withdrawals.

Currently, FTX of Sam Bankman-Fried is facing the risk of having to file for bankruptcy because there is no capital to pour in.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

CoinCu News

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