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If we had one for binance, it would show a ridiculous amount of tether and other coins which they probably own a majority of, meaning their balance sheet is sim
by paulusthe 4y ago
If we had one for binance, it would show a ridiculous amount of tether and other coins which they probably own a majority of, meaning their balance sheet is similarly comprised of assets they can't actually price or expect to be able to sell at market value
- carnitine 4y agoTether can be liquidated via the Tether Foundation.
- maxbond 4y agoAnd surely the buck stops with the Tether Foundation, who stand ready to cash Binance out, and they won't need to dump a bunch of risky assets and possibly not net enough to meet Binance's needs
- snapcaster 4y agoHow do you know this? was googling around but didn't find much of anything
- dibt 4y agoThere's a balance sheet floating around: https://docs.google.com/spreadsheets/d/1dSG6ER9N_YABnmUKzKaeUikZ2-isBQpL/edit#gid=2071322894 https://docs.google.com/spreadsheets/d/1dSG6ER9N_YABnmUKzKae... Source: https://twitter.com/cobie/status/1590384255091499008 https://twitter.com/cobie/status/1590384255091499008 Could be fake. Edit: Looks like the parent commenter was referring to Binance's balance sheet, which might be what you were asking about. The balance sheet I linked is FTX+Alameda.