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So not long ago FTX was going to save Celsius, then balked. Now Binance was going to save FTX, then balked. When Binance needs saving, is that the end, or is th
by vasco 4y ago
So not long ago FTX was going to save Celsius, then balked. Now Binance was going to save FTX, then balked. When Binance needs saving, is that the end, or is there another turtle under these three turtles?
- TedDoesntTalk 4y agoCoin base?
- jwmoz 4y agoWhen the feds catch CZ which they inevitably will it will be truly over.
- jcpham2 4y agoPretty sure Binance was the first exchange to socialize the losses of a hack into an aidropped token to all users - which then allowed users of the exchange to gamble on the future on whether or not they’d be made whole. Feels like the origin story of BNB chain to me
- rabf 4y agoThat was Bitfinex, and honestly it was the best possible outcome. Far better than what ftx users are likely to get.
- jcpham2 4y agoYou are correct, my bad
- richardknop 4y agoThat was Bitfinex as far as I remember, exchange based in Hong Kong. They are the guys behind Tether which also many people think is not backed up by real assets.
- jcpham2 4y agoYeah good ‘ol Finex
- OhNoNotAnother1 4y ago
- wmf 4y agoMaybe Tether can print money to save Binance.
- AlexandrB 4y agoInterestingly Tether started wobbling at just below $1.00 again today. I wonder if it's connected to this news, the drop in BTC price, or something else.
- SilasX 4y agoBorrowing shot up in Tether, and with it, the interest rates on lending dapps. The same didn't happen with USDC: USDT: https://app.aave.com/reserve-overview/?underlyingAsset=0xdac17f958d2ee523a2206206994597c13d831ec7&marketName=proto_mainnet https://app.aave.com/reserve-overview/?underlyingAsset=0xdac... USDC: https://app.aave.com/reserve-overview/?underlyingAsset=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48&marketName=proto_mainnet https://app.aave.com/reserve-overview/?underlyingAsset=0xa0b...
- low_tech_love 4y agoGiven the amount of people who are willing to put their money into a fairy tale, I guess it will never end, just shift. After all, why should they stop taking if others won’t stop giving?
- john_alan 4y agothe only fairy tale around here is the US CDS curve.