Do you think Binance will colapse?

Binance will likely be subject to clawback of the funds FTX used to buy them out. If they can still be fully liquid after surrendering $2 billion, they just might make it - assuming the rest of their balance sheet is legitimate and accurate.

Re: Do you think Binance will colapse?

#7

Post by vba616 » Mon, Dec 19, 2022, 2:48 AM UTC

species9606 wrote: post #6

Binance will likely be subject to clawback of the funds FTX used to buy them out. If they can still be fully liquid after surrendering $2 billion, they just might make it - assuming the rest of their balance sheet is legitimate and accurate.

"assuming the rest of their balance sheet is legitimate and accurate."

How could it possibly be? If being more transparent would not destroy them, they would've already done that.

I just read this:

"CZ was asked why he wouldn’t engage a Big Four auditor to pick up where Mazars left off. CZ said most of these big firms “don’t even know how to audit crypto exchanges.” Andrew Ross Sorkin then pointed out that Coinbase has a Big Four auditor, Deloitte."

I don't need to see his expression or hear his intonation to know what this means.