Post
Topic
Board Bitcoin Discussion
Re: Binance reaches deal to pay $4.3B settlement to American regulators
by
UchihaSarada
on 03/12/2023, 11:39:30 UTC
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..
The mere fact that a business like FTX that is rotten in their foundation only waits for time to collapse.

If not Binance took that action and triggered the collapse of FTX exchange, will that exchange become better and avoid its crash months or years later?
It will very possibly no, they will fail to change themselves because after a long time of doing something wrong in management, they will get familiar with it and consider a risky management (that they aware initially) to be a normal, not too risky management.

This will only make the collapse of FTX becomes more dramatic and worse than what actually happened in 2022.