A record nobody can tidy up
5 calls on the record, the first from 6 November 2022. None has reached a checkpoint yet, so there is nothing to be right about.
A call is right when the price moved the way it was called, and wrong when it did not. Nothing is scored twice and nothing is revised: a checkpoint is written once, from the price at the hour it fell due, and stands. Fifty per cent is what a coin flip gets.
In the spirit of transparency, might as well share the actual note, sent to all Binance team globally a few hours ago.https://t.co/IUNkPcLC8T pic.twitter.com/XGlIJB7EV5
This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire https://t.co/BGtFlCmLXB and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
Liquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won't pretend to make love after divorce. We are not against anyone. But we won't support people who lobby against other industry players behind their backs. Onwards.
Yes, this is part of it. https://t.co/TnMSqRTutr
As part of Binance’s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT). Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books. 1/4
Newest first. A call with no asset and no direction on it was never put on the record by whoever minted it, so there is nothing to check — the words are not guessed at.