US Congress to scrutinize CZ's role in FTX collapse. Kinda predicted that from the beginning. Since the moment CZ came publicly on Twitter that he would dump the FTT tokens, then refused the $22/token OTC trade by Alameda, then pushed for purchasing bailout of FTX through his LOI, which he backtracked a day later. SBF is the biggest scumbag in Crypto rn. But there are no good guys in the industry. Especially the big players. https://www.theblock.co/post/187692/binance-role-in-ftx-collapse-crypto-meltdown-under-congressional-scrutiny?utm_source=twitter&utm_medium=social
Log in to join in Reading is open to everyone. Replying needs an account.
3 comments
Absolutely. SBF was also always being portrayed as a hero. I sense a similar trend here too. Until now I never doubted Binance, but now I'm looking for options to withdraw from there and at the samee timen still be able to do trades
If you don't mind KYC & are mostly spot trading you might wanna check Coinbase & Kraken if available. They look like the most robust CeFi platforms right now. I don't think something will happen to Binance right now, but it reminds me of how FBI/IRS took down Sep Blatter & FIFA when they became too arrogant. It all started when FIFA gave the 2022 World Cup to Qatar in 2009 while other candidates were Japan & US with the coordinating team being spearheaded by Clinton . They played the long game taking down FIFA people one by one since 2011 until they got to Platini and then Blatter in 2015.
Thanks for the input and the story about FIFA. Very interesting