Rumors circulating that FTX US has approached all major exchanges to be acquired, only Gemini and Kraken have shown interest. Equity from selling the business would first flow into backstopping losses from FTX customer deposits. Investors would be wiped completely.

@0xdef1 @AutismCapital If they maintain the ability to use margin it will for select US folk. Kraken is the only other option and it is way more intrusive