As Matt Levine just pointed out in his newsletter, FTX was doing the same to bail out other failing crypto companies in the summer. Now it needs a bail out itse

As Matt Levine just pointed out in his newsletter, FTX was doing the same to bail out other failing crypto companies in the summer. Now it needs a bail out itself. What will happen to Binance in a few months if the system is now unwinding? That's the question right, if it's a system problem or FTX was greedy and over leveraged. For me it smells like a system issue because it's all based on funny money.