CZ is not an idiot, he understands what fraud was on the FTX exchange, and buying this exchange could end up with very bad consequences for Binance.FTX supported the Democrats and the Republicans won. It is very interesting how the SEC investigation will end.
True, it would be like catching a falling knife, CZ won't even think of buying the exchange since it has already a problem and the investigation of FTX is yet to be concluded. CZ possibly mastered the art of the business and won't make the wrong call of buying that exchange. Besides, FTX is on the verge of collapse due to the rumored user fund mismanagement, so I think aside from the current investigation, tons of possible lawsuits will be filed against the exchange owner.
To me, this seems like some kind of manipulation.
And just when the market is recovering CZ and FTX issue came up.
No wonder we're always adviced not to save our funds in Central system.
I do not think it is a manipulation, it is more of a coincidence. I do not think that the issue of FTX greatly affects the crypto market, There are already lots of event like this but somehow most of them doesn't affect the crypto market that much.