Considering how FTX is so integral to WEF, ESG, and other similar shit, I'm surprised that nobody attacked Binance. Or maybe I missed some news stories?
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I don’t waste too much time following the con-artist soap opera that is “crypto”, but to my understanding, Binance didn’t “help take down” any more than alerting anyone who had their money sank with those snakes that it was already irredeemably insolvent, and that folks might want to get their money out, quickly. It wasn’t their fault that FTX had squandered deposited “assets” with jaw-dropping fraud, mismanagement, and profligacy.
I got no particular love for Binance, but it seems all they did here was bring forward the inevitable. And that was a good thing.
Except for, to be sure, the crooks, and the commies.
warning and speaking is good.
It is.
I think Binance is likely a pile of 💩, but I’d need to have someone first point out to me what they did wrong here for me to hold anything against them for this episode.
Oh yeah. I believe Binance probably spoke up because they saw warning signs and they would want those FTX clients to come to them instead. Make business sense to me.
I don't use Binance. I purchased and then transfer out of the platforms into wallet right away. Don't trust any of the platforms.
Here’s a pretty good run-down on how FTX didn’t need any help from Binance to implode:
https://alexberenson.substack.com/p/an-interview-with-marc-cohodes-the
Of course not nothing ever happens