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FTX and FTT Implode, No Binance Buyout, Bitcoin Drops, Easy Explainer with Cory Klippsten

Coin Stories

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Is Binance Going to Buy Voyager or BlockFi?

Binance, they say they're going to do proof of reserves. I've never seen anything to indicate that Binance re-hypoticates user funds and uses them for taking one way directional bets or lending them out to market makers. It looks like the hole in the FTX balance sheet is five to six billion dollars. That's the last I'm seeing on Twitter. They're trying to get it by noon Pacific. So now it makes a lot more sense to just let them die. If you really look at the underlying, you know, pipe pipes, it seems like we're only going to have a couple of big crypto exchanges. Right?

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