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.
>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