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It isn't officially a bailout. They just said they intend to acquire FTX. But, once they look at the books they may backout out the deal, especially if most cus
by gitfan86 4y ago
It isn't officially a bailout. They just said they intend to acquire FTX. But, once they look at the books they may backout out the deal, especially if most customers want to take their money out. What is the point of buying an exchange that has no customers?
- JumpCrisscross 4y ago> isn't officially a bailout. They just said they intend to acquire FTX That's a bailout. > once they look at the books they may backout It's not a done deal. But the proposal is a bailout, through and through.
- rhaway84773 4y agoThe point is the same reason why FTX bought all the smaller crypto firms that were about to collapse. Preventing exposing the entire crypto currency ecosystem as fraud.