An interesting take, I agree. Especially the part where he says that CZ should similarly destroy Binance....calls is an act of effective altruism, lol.
I don't think it is defamation, though, since Mr. Ray (new CEO) already said that there were inappropriate actions. At least one Dem senator (Durbin) said pretty much the same.
https://www.youtube.com/watch?v=zmwLkjQl-vYOne word about paying lawyers...i was a part of Enron unsecured creditors list (basically, stupidly bought a bit at a "bargain" $2-3).
The recovery there was pretty good-around 30-32%, so Mr. Ray achieved something.
Typically, stock holders receive something that is close to nothing and getting those funds at or close to the end of 2002-2003 recession allowed me to reinvest the proceeds at the bottom or close to it.