Quote from: o48o on December 04, 2022, 02:58:46 PM

Quote from: wxa7115 on December 03, 2022, 02:35:58 AM

It is incorrect to blame CZ over this, social media is full of useless and emotional rants without facts behind them, it should be obvious that CZ backed out of his offer to buy FTX at first because he could, as he was not legally bound to buy FTX, but even more importantly he only needed to take a look at their books for a few hours to know there was no way to save the situation.

And he was right, FTX declared bankruptcy just a few days later, which shows he was right about the reading he had about the desperate situation FTX was.

I agree, i started by blaming him, but that was before i knew how bad things were.

But i am pretty sure that cz will be extra careful with wording next time he wants to hint that there something shady going on. Reporting these issues to officials rather then with twitter. I mean he could probably get tether in liquidity crunch mode (temporary) with just one tweet as not everything in there are going to be instantly liquid.

I think all the results are market behaviors, not personal behaviors. CZ can affect the fermentation of events because he has a strong public consensus, which is enough to affect the sentiment of the market. I think about the whole event again, and I also think it may be in What must happen in a bear market is that every round of bear market will kill several big crocodiles.