To be honest I had never even heard about him or FTX for that matter before all this drama began. But I agree, all these centralized platforms and centralized shitcoins they keep creating has been harming the whole cryptocurrency world more than it helps it. Binance and their centralized shitcoin called BNB will eventually have the same fate as its predecessors.

The good news is that all these events are making bitcoin battle hardened. A couple of years ago such a scam would have caused at least a 40% dump. Today it only caused about 16% dump and we have been in an accumulation more which many people think is a bear market so the effects should have been a lot bigger.