/biz/ - Business & Finance

https://cryptoslate.com/bankrupt-ftx-reveals-100m-weekly-crypto-liquidation-plan-in-court-filing/
50m a week for the first "few" weeks then 100m a week as of 12 hours ago.

My own real concern is a possible weakness in the infinity pool play. Once all short hedge funds involved have been liquidated, will the obligation really be passed onto their shell holdings and ghost corps, liquidating them too? Or sinply dissipate by legalese distance? The potential liquidity would dry up very fast akin to a x1b long ETF then capped by what's legally reachable?

Furthermore, if the buck bunny gets passed to the government, I don't anticipate that they will "detain holders" or even steal the shares back, but simply on 2 premises, one the stock market is a function of the U.S. gov so would easily have a backdoor to an antiquated system. If that's too glownigger for you, I worry they'll just say "lol no" and not pay out on market stability concerns, pulling some act out of the archives or out of their asses to justify it.

Hedge funds can get fucked though. Fuck those guys.