Well we knew SBF was a criminal as soon as his claimed bankruptcy last November. But nobody would of expected CZ to actually be charged with all this.
His exchange was actually fairly honest and never scammed or defrauded individuals. This is why it was a shock to many and many are saying is was blackrock that claimed this needs to happen for the bitcoin etf to get approved. Binance just was way too big and they want the market share to separate.
Exactly. No form of ill-intent, not a sliver in sight for us to actually second-guess Binance's credibility, and as a matter of fact we're even given guarantees in the past courtesy of the bank runs that the public did to test whether Binance is really safe. CZ himself became a beacon of safety (albeit as a meme) years prior thanks to the funds are safu joke but what the hell. Months ago I was a devout advocate that he's never going to do anything wrong as I've done my business with binance for quite some time now without any problems, turns out he's just yet another person willing to game the system for his benefit, he just made sure to leave his enterprise out of his dirty work unlike SBF who actively leveraged his own business to make illegal profit.