Binance CEO Cz tweeted that ftx asked for our help there is a significant liquidity crunchy It was not a firm deal and you could see it sort of in their tweets sam is saying this is such a great outcome You know we're going to be united with this world-class firm. No, no one will give him any money because financial investors are fairly savvy and they looked at this and said nope Like that is a whole and it is getting bigger. I don't buy the theory that this was all orchestrated By cz to take down a rival but there are plenty of people on the internet who do. This sounds like a very tumultuous if not like the worst week for crypto
With the collapse of one of its largest exchanges, crypto’s having its very own Lehman Brothers moment. Semafor’s Liz Hoffman explains the repercussions for the real world.
This episode was produced by Miles Bryan and Amanda Lewellyn, edited and fact-checked by Matt Collette, engineered by Paul Robert Mounsey, and hosted by Sean Rameswaram.
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