Looking at the FTX situation and what has gone down so far, do you think SFB was trying to ruin crypto and CZ on the other hand trying to save it? But then Having Binance buy over FTX might be an over kill, I slightly think so. It might have its advantages, but I believe having too much power concentrated in one exchange might lead to monopoly of the Crypto economy. One person, one exchange having that sort of market share might not be too healthy. What happens to competition? Though one argument might be he is trying to salvage what is remaining from a bad situation. One more thing, I seriously doubt if regulators would sanction a sale,that is if there is any truth in CZ trying to buy FTX. What do you think? How do you see this playing out
3 comments
Tbh I don't know what's coming next. But all I believe none of the players is a "hero"
Exactly my take. Cz actually started the whole fud for ftx
Yes. Even though it was kind of a retaliation. But this was clearly a planned 'attack'