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..
SBF should've behaved different when he knew CZ wasn't going to let FTX get regulated.
You seem to be buying into dumb ideas.
It was not up to CZ/Binance about whether FTX got regulated or not. The claims that CZ/Binance was controlling FTX because CZ/Binance had a 20% ownership in FTX is looney. FTX paid that loan back to CZ/Binance, in part with their crappy FTT tokens.. and also FTX had gotten themselves into shitty circumstances because their growth was based on marketing and hype, while the same time they were gambling with client money in a variety of ways, and they were setting up scammy and dishonest systems to convolute their scams right from the start.
FTX would've survived if SBF was smart enough to get around the 20% stake Binance owned.
FTX survived based on Gambling, and they were running a ponzie scheme.. with SBF acting like a socially awkward honest person when he was scamming and calculating the whole time to sell his image in order that more and more people would throw money at FTX.
The blame's with SBF because he used FTX funds for fraud. There's talk about the new FTX team asking regulators to get the $2.1B back because CZ used it to bring FTX down.
Yeah of course, CZ and Binance are favorite punching bags, and sure the FTX trustees can try to claw back that money from Binance/CZ, but they still need a legal basis beyond the argument that CZ is a BIG Meanie.