Quote:
Originally Posted by Azure
One bank CEO doesn't go and post on Twitter that another bank has liabilities that they can't cover resulting in customer panic.
That is what happened with FTX, and also Crypto.com. In both cases the Binance CEO posted on Twitter that there were 'issues' and it resulted in FUD against both companies. With FTX there were obviously problems, but at some point you can't just throw #### against the wall when it comes to your competitors and hope something sticks.
At the same time, what was going on behind the scene with FTX is insane. Second biggest Democrat Party donor, connections to the SEC, connections to numerous government officials, sex parties, tied together with big business, celebrities, cover of Forbes...etc, etc. Enron x10. And the entire time it was all a scam.
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Meanwhile the dude at Binance who is claiming everything else is a scam seems reluctant to reveal where his company is actually legally based, I'm not sure you could actually regulate this level of ######baggery