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so binance walked away from buying FTX and now FTX is filing for bankruptcy fdxs books were so bad that binance decided to walk away from the buyout but why was that well apparently FTX has an 8 billion loophole in their balance sheet which means that they own 80 billion dollars more than they have in the bank but how did this happen to the largest second cryptocurrency Exchange in the world well it seems like the founder of FTX Sam backman freed was doing some sketchy stuff Sam loaned out 10 billion dollars of customer deposits to his other company this other company was a crypto hedge fund called Alameda research and element of research decided to use those 10 billion dollars to do some sketchy trades and they ended up losing all that money thats why they filed for bankruptcy and now blocked by something withdraws for customers