Cardano founder Charles Hoskinson says that if FTX fails Binance’s due diligence process, the effects on the crypto market could be catastrophic.
hoskinson rekao u objavi na vlogu da postoji šansa različita od nule da bi FTX mogao propasti dubinsku analizu i biti podvrgnut likvidaciji jer dužna pažnja često otkriva stvarnu dubinu finansijske nevolje kompanije. Hoskinsonov najgori scenario mogao bi postati stvarnost nakon što su se pojavili nepotvrđeni izvještaji da je malo vjerovatno da će Binance nastaviti s FTX ugovorom. Ova bomba dolazi nakon manje od 24 sata dužne pažnje berze.
Političke veze generalnog direktora FTX-a predstavljaju zabrinutost
If the recent rumors of Binance’s reluctance prove true, FTX’s failure could cascade through the industry, similar to how the failure of Lehman Brothers rippled through the global economy in 2008. Ensuing collapses could then prompt negative scrutiny from the political allies FTX CEO Sam Bankman-Fried had recently attempted to woo.
Bankman-Fried contributed at least $27 million to a Protect Our Future Political Action Committee in the run-up to the 2022 U.S. midterm elections. The PAC, in turn, splashed more than $11 million on Democratic candidate Carrick Flynn, who lost the primaries in Oregon.
Bankman-Fried also tried to shore up Republican alliances, contributing thousands to John Boozman of Arkansas and John Hoeven of North Dakota.
In an ironic twist, these and other politicians could impose draconian laws on the industry if the Binance deal fails, Hoskinson said.
Binance CEO Changpeng ‘CZ’ Zhao echoed this sentiment in a note to Binance employees. He emphasized that the failure of FTX was not a win for Binance.
“Regulators will scrutinize exchanges even more. Licenses around the world will be harder to get,” he said.
Već bivši komesar SEC-a Jay Clayton rekao je that “we need coordinated action across the federal government. People are going to test whether the capital problems around this exchange have been resolved.”
Ultimately, he said, creditors to Lehman Brothers were paid out, even if the institution didn’t have enough liquidity at the time. With FTX standing proxy for Lehman Brothers, such a scenario isn’t guaranteed in the less regulated crypto industry.
Govoreći o regulaciji, nedavno Bloomberg izvještaj otkriva da Komisija za hartije od vrijednosti i Commodities i Futures Trading Commission are probing FTX’s handling of customer funds. They are also investigating links between FTX, its American sister company FTX.US and Bankman-Fried’s quant trading firm Alameda Research.
CZ obećava veću transparentnost
In preparation for scrutiny, CZ also tweeted today that Binance would start to do Merkle-tree Proof-of-Reserves.
U korak sa Binanceom, nekoliko drugih berzi, uključujući KuCoin, OKX, Poloniex i Huobi, najavili su da će usvojiti tu mjeru.
A Merkle tree is a computer science construct that summarizes all transactions in a blockchain transaction block. It produces a fingerprint of transactions in a block that makes it easy to identify whether a particular transaction occurred. So Merkle-tree proof-of-reserves could point to a method of verifying reserves using blockchain transaction data.
FTX investitori žele smanjiti svoje gubitke
For the moment, however, several high-profile firms will likely have to write off their FTX investments, collectively worth $32 billion. Firms likely to lose their investments include Softbank, Sequoia Capital, and Tiger Global. According to CNBC, Binance će vjerovatno kupiti FTX za "penije na dolar." Sukobna razmjena je također napravila neki visoki profil sopstvene investicije. Ulaganje u Yuga Labs, Circle i SkyBridge.
Izvršni direktor Circlea Jeremy Allaire istakao je u intervjuu za CNBC sa Andrewom Rossom Sorkinom da je nagli pad cene of FTX’s native token, FTT, could spell trouble for lenders who accepted it as collateral for loans.
At press time, FTT had recovered to around $3.93 after previously falling to $3.12 in the last 24 hours.
Na rastanku, Zhao je upozorio zaposlenike Binancea da ne prodaju ili kupuju FTT.
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Source: https://beincrypto.com/crypto-leaders-worried-about-cascading-effect-after-ftx-collapse/