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> FTX went down because Binance dumped their entire position all at once and exposed how cooked FTXs books were. FTX went down because of how cooked their book
by imron 4y ago
> FTX went down because Binance dumped their entire position all at once and exposed how cooked FTXs books were.
FTX went down because of how cooked their books were.
Whatever other stuff that was going on around the edges, they wouldn't have gone down if they hadn't cooked their books.
- jandrese 4y agoTheir books could have stayed cooked for a long time. Just look at Tether, or Bernie Madoff. As long as nobody calls your bluff you can just keep on raising.