Larry David made a prediction about this week's crypto meltdown that was prettaaay prettaaay good.
this week after FTX imploded. David's character was, it turns out, right to be skeptical.
Rival Binance had said it would explore an FTX bailout earlier this week but almost immediately backtracked after the company said FTX was essentially beyond saving. Despite its reputation as a dependable, low-risk investment portal, FTX's business appears to have been built on a complex, extremely risky kind of leveraged trading.
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