Binance to acquire FTX
SBF said "We don't invest client assets (even in treasuries)". [0]He then says the purpose of the transaction with Binance is to "clear out the liquidity crunches". [1]How could there be a liquidity crunch if assets are not invested? You can't do a bank run on an entity that doesn't function as a bank and doesn't invest clients assets... Something is shifty.[0] https://twitter.com/sbf_ftx/status/1589598285798707202[1] https://twitter.com/sbf_ftx/status/1590012126701441025