@fuzzyfuzzyfungus@cyberplace.social @molly0xfff@hachyderm.io especially since Binance isn’t publicly traded, has a history of shady ownership and financial crimes and there simply is no way a company generating less than $500M profit can easy peasy make $6B apparate. This isn’t Hogwarts. Now I’m learning they have a large private holding of SpaceX and boy does it all make sense. Leverage on leverage on crypto. I wish this would finally all crater like it should. End of rant

@molly0xfff@hachyderm.io yeah that Reuters falls for this is unforgivable. I mean it’s a technically challenging subject but to explain how a deficit is “recovered” is really much more an accounting 101 issue