Marty Bent, Bitcoin Expert, Describes FTX's Scandal: ‘Their whole origin story is a bit odd’

“…exchanges will launch what they call an exchange token by Binance has BNB, FTX has FTT… they premine a token… they'll release that to their users and their users can buy that token… they'll only release a certain amount to market to freely float and then the hold the rest so they're able to inflate the value of those tokens pretty easily with some spoof trading… that is what FTX did…”

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