The CFTC's Confirmation of the Alameda Balance Sheet

Binance's balance sheet was a smoking gun back that, you know, FTX was levered against it. I don't even think they have books. They literally admitted they have corporate funds in exchange wallets. So if there was any nefarious activity, they can play this game for a lot longer. There's something wrong with the valuation here. The fact that you can use B&B as collateral on the platform, they subsidize the financing rate,. That's basically the entire altcoin space and history tells us it doesn't end well.