Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T...
by FormerBandmate on Wednesday November 09, 2022 @11:36AM
(#33534043)
Judging by the Alameda leaked balance sheet, a huge part of assets and probably more than 100% of equity was in FTT which is now essentially worthless
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Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T...
by paulusthe on Wednesday November 09, 2022 @12:26PM
(#33534865)
If we had one for binance, it would show a ridiculous amount of tether and other coins which they probably own a majority of, meaning their balance sheet is similarly comprised of assets they can't actually price or expect to be able to sell at market value
Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T...
by carnitine on Wednesday November 09, 2022 @01:29PM
(#33535850)
Tether can be liquidated via the Tether Foundation.
Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T...
by maxbond on Wednesday November 09, 2022 @01:52PM
(#33536178)
And surely the buck stops with the Tether Foundation, who stand ready to cash Binance out, and they won't need to dump a bunch of risky assets and possibly not net enough to meet Binance's needs
Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T...
by snapcaster on Wednesday November 09, 2022 @01:47PM
(#33536108)
How do you know this? was googling around but didn't find much of anything
Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T...
by dibt on Wednesday November 09, 2022 @02:21PM
(#33536541)
There's a balance sheet floating around:
https://docs.google.com/spreadsheets/d/1dSG6ER9N_YABnmUKzKae...
Source: https://twitter.com/cobie/status/1590384255091499008
Could be fake.
Edit: Looks like the parent commenter was referring to Binance's balance sheet, which might be what you were asking about. The balance sheet I linked is FTX+Alameda.