Post
Topic
Board Altcoin Discussion
Re: Who will win, FTX or BINANCE?
by
Polkeins
on 11/11/2022, 12:35:44 UTC


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
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.

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.