Quote from: Minecache on Today at 09:07:44 AM

Quote from: blockman on November 09, 2022, 09:39:28 PM

Quote from: Minecache on November 09, 2022, 03:16:33 PM

I believe that after this incident, we will be under stricter control from the government and strict laws will be enacted soon, bad things are still waiting for us ahead.

They're already in the radar and that's why officials from different governments don't trust the market because it can moved by these events.

Everything happened so fast, just as I feared, that the government would make excuses to enter the market and would start to control us. Perhaps it was clear who would win, the government had enough reason to start controlling us. Once the government intervenes we will lose our freedom and one thing I fear more is they will stifle our development.
https://cryptoslate.com/secs-gensler-says-more-investor-protection-is-needed-after-ftx-fiasco/

Quote from: Polkeins on November 10, 2022, 01:28:17 PM

Quote from: ROSERTY on November 10, 2022, 06:48:43 AM

This is the most exciting dramatic script I have seen in recent years, and their game has already begun.
And when CZ discovered something, he knew that the opportunity was coming, and publicly decided to sell the $2.1 billion FTT they held, CZ put the game created by SBF into a death spiral

Rumor has it that the head of FTX was sort of detained in Bermuda. I don't know if this is true or not, but apparently Sam is in big trouble.
So CZ wins without a doubt. He is at least free and Binance continues to work.
We do not know everything with FTX itself, what is it with liquidity, as if not to have to take it over later Binance, in order to prevent a complete bankruptcy.
I do not think that CZ originally intended to destroy FTX, here, as in the perfect storm coincided with several conditions, most importantly the bear market and a very risky policy of FTX. Apparently initially CZ thought to buy FTX, but when he saw the hole in the company's balance sheet, he realized that there was essentially nothing to buy. Both the FTX and Sam are apparently bankrupt.

From the very beginning when both claimed to have reached an agreement to purchase, I did not believe it to be true. If CZ buys FTX, he will definitely be sued for antitrust law. Binance is currently the leading exchange, owning more FTX will not help CZ expand the market faster, but it is better to eliminate a strong competitor.