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A comment on Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover. Parent comment

Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T... by mamonster on Wednesday November 09, 2022 @11:09AM (#33533639)
Prevent contagion in crypto most likely. If FTX is forced to go into liquidation, it's hard to estimate the systemic effect in crypto.

When you are the biggest shop at the fair you wanna keep the festival going as well.

[ Parent | on HN ]
Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T... by rdtwo on Wednesday November 09, 2022 @12:00PM (#33534451)
Yeah but how do you liquidate it would take years
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Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T... by seydor on Wednesday November 09, 2022 @03:37PM (#33537471)
If they buy them isn't that a bigger risk of contagion? Current Binance customers would be concerned
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