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A comment on Binance founder Changpeng Zhao agrees to step down, plead guilty. Parent comment

Re:Binance founder Changpeng Zhao agrees to step down, plead... by __loam on Tuesday November 21, 2023 @04:42PM (#38370677)
It would have failed eventually. FTX was fundamentally unstable.
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Re:Binance founder Changpeng Zhao agrees to step down, plead... by redox99 on Tuesday November 21, 2023 @05:10PM (#38371092)
Rumor is that FTX is not that awful financially right now, because of their Anthropic investment.
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Re:Binance founder Changpeng Zhao agrees to step down, plead... by to11mtm on Tuesday November 21, 2023 @05:21PM (#38371254)
... I mean right now maybe, OTOH that space is as volatile as Crypto was 13ish months ago.
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Re:Binance founder Changpeng Zhao agrees to step down, plead... by cdchn on Tuesday November 21, 2023 @07:19PM (#38372669)
If I was a bag holder in FTX I'd be absolutely on my knees praying for a piece of Anthropic as a substitute.
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Re:Binance founder Changpeng Zhao agrees to step down, plead... by nl on Tuesday November 21, 2023 @06:44PM (#38372289)
The Anthropic investment is completely illiquid. It was liquidity issues that crashed FTX originally.

TL;DR: they might have assets but they were and are still "awful financially"

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Re:Binance founder Changpeng Zhao agrees to step down, plead... by __loam on Tuesday November 21, 2023 @07:53PM (#38373063)
I think they're also fundamentally insolvent even with the anthropic investment
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Re:Binance founder Changpeng Zhao agrees to step down, plead... by SeanAnderson on Tuesday November 21, 2023 @04:57PM (#38370894)
Everything fails eventually.
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