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A comment on FTX’s financial black hole leaves Binance balking at rescue plan. Parent comment

Re:FTX’s financial black hole leaves Binance balking at resc... by jcpham2 on Wednesday November 09, 2022 @03:50PM (#33537635)
Pretty sure Binance was the first exchange to socialize the losses of a hack into an aidropped token to all users - which then allowed users of the exchange to gamble on the future on whether or not they’d be made whole.

Feels like the origin story of BNB chain to me

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Re:FTX’s financial black hole leaves Binance balking at resc... by richardknop on Wednesday November 09, 2022 @04:39PM (#33538267)
That was Bitfinex as far as I remember, exchange based in Hong Kong. They are the guys behind Tether which also many people think is not backed up by real assets.
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Re:FTX’s financial black hole leaves Binance balking at resc... by jcpham2 on Wednesday November 09, 2022 @10:38PM (#33541889)
Yeah good ‘ol Finex
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Re:FTX’s financial black hole leaves Binance balking at resc... by rabf on Wednesday November 09, 2022 @04:02PM (#33537784)
That was Bitfinex, and honestly it was the best possible outcome. Far better than what ftx users are likely to get.
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Re:FTX’s financial black hole leaves Binance balking at resc... by jcpham2 on Wednesday November 09, 2022 @10:37PM (#33541878)
You are correct, my bad
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