News for hackers. Stuff that matters.

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 paulusthe on Wednesday November 09, 2022 @12:10PM (#33534616)
The question is if binance has the $$. They're doing the same exact thing FTX did, but using tether instead. They truly might not have the money to plug that hole.

My guess is that binance just wants to take down a competitor. They publicly started the FTX bank run by announcing they were going to dump FTT, after all.

[ Parent | on HN ]
Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T... by bastiantower on Wednesday November 09, 2022 @02:54PM (#33536958)
I think you're confusing Binance, which is not directly related to Tether, with Bitfinex, which is.

Binance has its own dollar based stablecoin, BUSD.

[ Parent | on HN ]