Every major event in the crypto space comes with some lessons. cz_binance has outlined two major takeaways from the FTX liquidity crunch.
) following “recent revelations” related to reported ties between FTX and the trading firm Alameda Research showing the firm had significant FTT holdings.
While Binance does not currently disclose proof of what reserves it uses as collateral, Zhao mentioned in a Nov. 8 tweet that in an effort to be fully transparent Binance will soonZhao’s second lesson from the downfall of FTX is that crypto businesses shouldn’t be borrowing and instead should opt to maintain large reserves — which could be in reference to FTX users
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