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"Non-legally binding Letter of Intent"
All the clues were right there...
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If instead he decides to buy BTC at these prices he will undoubtedly have a better deal.
Perhaps that was the plan all along? :o
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Time will tell
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I bet he needs it in order to go full-reserve and cover all the paper bitcoin.
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He should have stayed away from paper Bitcoin to begin with.
Amateur and unforgivable.
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FTX's books are way more fucked than early indicators...
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We will see
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What a rollercoaster. CZ is a gangster.
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See also another post, found here on SN, with an article on this from The WSJ:
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The link for this post uses a read-only front-end for Twitter, which can be easier to read for viewing a full Twitter thread. The Tweet that kicked off the thread is:
As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of FTX.com.
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