FTX Token Crashing as SBF House of Cards Collapses

The FTX Token (FTT) has suddenly begun to crash in recent hours as the Sam Bankman-Fried House of Cards empire FTX/Alameda Research is collapsing. The big problem is... SBF has used FTT as collateral for billions of dollars in Crypto loans. In fact, it is believed that Tether (USDT) is backed largely by FTT. If SBF fails to halt FTT's slide it will cause the entire Crypto ecosystem to come crashing down for good, which will be extremely bullish for gold!