Extremely interesting to see how this will end. IIRC, Alameda research had a huge position in FTT which will presumably go under now.
I wonder what's going on / will happen in countries where governments (or citizens en masse) have endorsed / adopted cryptocurrencies?
I will make an exception to this: if they do not manage to make everyone whole or if there is public outrage that overwhelms his purchased politicians then it is over and multiple people will do time.
Even if the loss was manageable, I suspect that Binance never intended to do any deal. They had absolutely no incentive to do so.