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A comment on Binance Acquires FTX. Parent comment

Re:Binance Acquires FTX by gitfan86 on Tuesday November 08, 2022 @11:58AM (#33521248)
It isn't officially a bailout. They just said they intend to acquire FTX. But, once they look at the books they may backout out the deal, especially if most customers want to take their money out. What is the point of buying an exchange that has no customers?
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Re:Binance Acquires FTX by JumpCrisscross on Tuesday November 08, 2022 @12:04PM (#33521323)
> isn't officially a bailout. They just said they intend to acquire FTX

That's a bailout.

> once they look at the books they may backout

It's not a done deal. But the proposal is a bailout, through and through.

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Re:Binance Acquires FTX by rhaway84773 on Tuesday November 08, 2022 @02:36PM (#33523243)
The point is the same reason why FTX bought all the smaller crypto firms that were about to collapse.

Preventing exposing the entire crypto currency ecosystem as fraud.

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