Binance stated ” “In the beginning, our hope was to be able to support FTX's customers to provide liquidity, but the issues are beyond our control or ability to help.” The potential losses for FTX are pretty big, most of which are to Sam Bankman-Frieds own personal investment in the company. Beyond that however, what does this mean for the crypto industry and will this reach further and become a contagion in other sectors and industries.
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