csguydn t1_ivub1w0 wrote on November 10, 2022 at 5:42 PM Reply to comment by WexfordHo in SEC, DOJ Investigating Crypto Platform FTX by Hrekires From what I read, they've known for a while. They made a bet. The market tried to pull out money. They couldn't cash flow it. Binance won't bail them out, and no way in hell the government steps in to back this. Permalink Parent 3
csguydn t1_ivub1w0 wrote
Reply to comment by WexfordHo in SEC, DOJ Investigating Crypto Platform FTX by Hrekires
From what I read, they've known for a while. They made a bet. The market tried to pull out money. They couldn't cash flow it. Binance won't bail them out, and no way in hell the government steps in to back this.