Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover

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

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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.

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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

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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

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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.

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