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by snowypine 1322 days ago
Wow, after only one day of due diligence.
2 comments

My personal belief is that binance agreed with no intention to carry out the deal. CZ tapdanced on FTX's grave on twitter with critical comments yesterday. It is now unlikely that anyone else will want to step up to look at the deal.
I'd say Stripe but unlikely given their missed IPO window. Perhaps, Amazon, if they are feeling lucky?
My prediction: nobody will touch FTX and whatever is left of it will be in legal battles for years to come. Most will get auctioned to recoup the big fish making the most noise and maybe pennies after that for individual users which had funds on FTX. There is near zero value in an exchange-brand which took a reputational hit as big as this.
Why would they want to take on what is reported to be net 6bn in liabilities?
Just buy the assets.
If Amazon wanted into crypto, they'd be big in crypto already. Why on earth would anyone touch goods this damaged?
'show me what you have and how much you owe' 'it's $10B and $16B' 'no thanks'