Quote from: arabspaceship123 on December 02, 2023, 11:57:55 PM

There isn't conspiracy when Binance invests $80M to buy in 20% FTX stake. The Bloomberg doc's show ppl saying FTX paid $1.5B cash to CZ to get him out of the way because he blocked their regulation attempts. Binance received $2.1B for selling 20% back to FTX.

The doc's available on Bloomberg TV it's about the collapse of FTX. It's called RUIN. I don't like FTX or Binance. I'm not a fan of SBF or CZ because they're linked in FTX's collapse.

Quote from: JayJuanGee on December 02, 2023, 03:01:23 PM

Are missing some kind of a link when you are referring to the "Bloomberg doc" because I am unclear about the reference, and the way you are describing the matter of Binance's/CZ's stake in FTX seems strange too. My understanding is that Binance/CZ helped to get FTX started, so it was a kind of loan that FTX paid back by using some real assets, but also by partially paying Binance/CZ with their FTT tokens. which was part of the reason that Binance/CZ had so many FTT tokens.

There is likely nothing that conspiratorial about one exchange investing in another exchange, and then once the newer exchange becomes successful to thereafter pay back the loan that they received... so Binance's 20% ownership in FTX was ONLY for a period of time, and yeah, when FTX had gotten into trouble, Binance/CZ said that they would look at the possibility of rescuing them or buying the company.. but only after a few days Binance/CZ determined that FTX was too messed up to even consider getting involved in buying it or bailing them out.

Ok. I watched the documentary, and their portion about CZ contributing to the downfall of FTX is quasi-looney… and yeah, there are some smart people who contributed to the documentary, but they also have some dumb ideas too..

Thus, you are crazy if you believe that anything except for Sam and the other various FTX agents were responsible for the level of fraud and corruption that took place at and through FTX and Alameda.

That was not CZ's or Binance's doing, even though there ongoing forced comparisons, and it is quite misinformative to be putting CZ/Binance as if it were engaged in the same (or similar) to FTX.. .There have been other documentaries doing the same thing, but the mere fact that they come out with several documentaries saying similar things and making similar dumb comparisons does not make them true. Merely because they are in well-presented televised formats..