Re:FTX’s balance sheet was bad
by Chyzwar on Monday November 14, 2022 @03:24PM
(#33600460)
Company have valuation would be based on recorded revenue, profit or at least growth rate. When buying a stake in a company, there is a whole legal framework and due diligence. Crypto token just have the bunch of wash trades to support theirs valuation and no transparency.
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