If they aren’t true for Binance, why would they even be considering buying FTX? (Genuine not rhetorical question, I have no understanding of this space at all.)
Clawback suits. FTX cannot declare chapter 11 because of these. Dealing in unregistered securities is unprotected by the FDIC but also subject to very strong anti-Ponzi laws. Binance is covering up, not buying.
If they aren’t true for Binance, why would they even be considering buying FTX? (Genuine not rhetorical question, I have no understanding of this space at all.)
Clawback suits. FTX cannot declare chapter 11 because of these. Dealing in unregistered securities is unprotected by the FDIC but also subject to very strong anti-Ponzi laws. Binance is covering up, not buying.
That is basically meaningless to me as a non-finance person, but why would Binance want to cover up a rival’s crimes?
Possibly to reduce overall regulation of crypto and subsequent heat on Binance.