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I'm sure FTX looked great on paper before it all blew up
by raverbashing 4y ago
I'm sure FTX looked great on paper before it all blew up
- nl 4y agoI'm not defending them. But I am noting they do have 3rd-party attestations (NOT audits!) which is the same as what Circle does with USDC. FTX used their FTT token to prop up their balance sheet. This attestations says USDT isn't like that.
- lmm 4y agoAs a matter of historical fact it didn't. Their balance sheet was an excel sheet with random entries like "fiat@: $8B". (I don't trust any entities in the crypto space, but just for the record)