What’s not even being discussed yet is ties to Tether of both Binance and FTX. Tether seem shady/criminal, but both FTX and Binance have stated they think tether ‘FUD’ is wrong. In a worst-case scenario where FTX is insolvent and billions in the hole, maybe one reason for Binance to step in at a loss could be that Binance wants to prevent info about tether dealings from leaking. (I’m completely speculating here!)
What’s not even being discussed yet is ties to Tether of both Binance and FTX. Tether seem shady/criminal, but both FTX and Binance have stated they think tether ‘FUD’ is wrong. In a worst-case scenario where FTX is insolvent and billions in the hole, maybe one reason for Binance to step in at a loss could be that Binance wants to prevent info about tether dealings from leaking. (I’m completely speculating here!)