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A comment on Binance Acquires FTX. Parent comment

Re:Binance Acquires FTX by ucha on Tuesday November 08, 2022 @01:04PM (#33522089)
How can you say it's clear it wasn't cash? What's the source?

Also, FTX minted FTT out of nothing - effective cost zero - so no matter what they received in exchange, even if they had received nothing that is not an investment unless they received Alameda equity. I agree that lending is a form of investment but nothing says that they received a loan in exchange.

You could still be right, but it's all speculation :)

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Re:Binance Acquires FTX by JumpCrisscross on Tuesday November 08, 2022 @01:15PM (#33522234)
> How can you say it's clear it wasn't cash?

FTT spiraled and FTX went insolvent.

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Re:Binance Acquires FTX by lmm on Tuesday November 08, 2022 @05:16PM (#33525081)
Doesn't mean they never received any cash. Maybe the CEO spent it all on crack and hookers.
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