WORST Crypto News Ever | FTX CONTAGION Will Destroy Market (Binance BACKS OUT)

Welcome to the Crypto News Network, where we bring you the latest news from the world of cryptocurrency.

Today, we have some of the worst news yet: FTX Contagion is set to destroy the crypto market.

FTX Contagion is a new protocol designed to enable users to trade cryptocurrencies on the Ethereum blockchain. It is designed to be a decentralized exchange that offers the best features of both centralized and decentralized exchanges.

However, the news has caused a ripple effect across the crypto market, as the protocol could potentially allow for manipulation of the market. This could lead to drastic drops in price, as well as increased volatility.

The news has caused Binance, one of the world’s largest cryptocurrency exchanges, to back out of the project. Binance CEO Changpeng Zhao has stated that the company will not be supporting the protocol, citing the potential risks it poses.

It is unclear what the future holds for the crypto market, as the impact of FTX Contagion remains to be seen. It is likely that the market will experience some turbulence in the coming weeks, as investors grapple with the implications of the protocol.

Stay tuned for more news and updates from the Crypto News Network.