Is this the result of a long-planned plan? This is the result of weighing the pros and cons. CZ has a limited pattern, but there are not many people who have reached this level who are not ruthless and full of blood. The market is like this, A and B It is C who is injured in the fight, and C is mostly retail investors in most cases.
Things have been hectic, withdrawals rejected and huge panic in the market. Next bail-out by binance and now they are going to aquire the whole FTX. I didn't see this coming, although it was probably the whole plan from the start.
https://twitter.com/cz_binance/status/1590013613586411520This wasn't a fight, this was a giant takeover. Something tells me that FTX token would be interesting bet to buy now, as no one knows what are plans for it next. Anyway.
Fud about this is totally over.
Edit (CZ explains his reasoning for the tweet):
https://twitter.com/cz_binance/status/1589695556909424640Such a big volcano, who will receive it? The trust of users will naturally flow to CZ, and now he can get users without doing anything, because he has defeated his only competitor.