2min chapter

Many Happy Returns cover image

The worst week in crypto history... so far.

Many Happy Returns

CHAPTER

The FT's Balance Sheet - Hidden Poorly Labeled Fiat Account

The FT's Matt Levine wrote a whole column about yesterday. He said the company had maybe as little as $900 billion in liquid-cellable assets versus $9 billion of liabilities. The question is how did they get into this state right where there's this massive black hole in their balance sheet?

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