Quote from: justdimin on Today at 02:54:22 PM

Quote from: o48o on November 09, 2022, 06:09:12 AM

I mean that he would have known it creates fud and how it plays out after that as there was fud happening already, even from Bitboy from all the people Cheesy

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Maybe i am overestimating how smart CZ is but surely he knows that one wrong tweet from him can destroy a token?
And when he mentions selling his ftt bag and that he learned from luna at same sentence. If that wouldn't do it, nothing would.

What it comes to Commodity Futures Trading Commission, they are mostly interested on authorization of FTX US Derivatives after their liquidity problems, not legality of this takeover.

He was fully aware of what he was doing, he was basically taking revenge. According to CZ there was a period where FTX ended up "attacking" binance, and he saw that as treason because he was the first one to invest into it (well binance was but cz=binance in my mind).

This means he was expecting loyalty and instead he got attacked from them and this made him a bit angry and at the very least dislike FTX. Right now, he found a chance that he could just sell all of his FTT and take a small hit but he could destroy another website. This is why I believe he did it, otherwise he could have sold it for 22 dollars each, and he didn't and made a loss, all because he wanted to destroy FTX and nothing else.

I think this as well, it is said that revenge is a dish best served cold and it seems CZ applied this principle perfectly, he waited until he could maximize the damage he could do to FTX and threw a demolishing blow to it, then he gave the impression of being sympathetic and explored the possibility to acquire to exchange only to refuse at the end, however traders and investors were caught in the middle of such maneuver and they have lost a lot of money because of this act of revenge.