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A comment on Binance Acquires FTX. Parent comment

Re:Binance Acquires FTX by max_ on Tuesday November 08, 2022 @11:43AM (#33521053)
Now it is clear that he was lying.

They stopped processing withdrawals according to on chain data.[0]

[0]: https://www.theblock.co/post/184176/ftx-appears-to-have-stop...

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Re:Binance Acquires FTX by jefftk on Tuesday November 08, 2022 @11:46AM (#33521097)
> They stopped processing withdrawals

If you look at the comments on https://news.ycombinator.com/item?id=33518961 that article missed that FTX uses multiple addresses for withdrawals.

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Re:Binance Acquires FTX by max_ on Tuesday November 08, 2022 @11:58AM (#33521259)
He admits they were illiquid and needed Binance to cover withdrawals 1:1.

>Our teams are working on clearing out the withdrawal backlog as is. This will clear out liquidity crunches; all assets will be covered 1:1. This is one of the main reasons we’ve asked Binance to come in. It may take a bit to settle etc.

[0]: https://twitter.com/SBF_FTX/status/1590012124864348160

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Re:Binance Acquires FTX by jefftk on Tuesday November 08, 2022 @12:03PM (#33521315)
Sorry, edited my comment to quote the section of yours I was trying to reply to
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Re:Binance Acquires FTX by skippyboxedhero on Tuesday November 08, 2022 @11:52AM (#33521178)
They have one BTC. Form an orderly queue to receive your portion.

https://www.coindesk.com/business/2022/11/08/ftxs-bitcoin-ba...

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