"There followed a jujitsu move by which the Binance chief created a market run on FTX."
There seems to be an attempt to sell a narrative which blames Binance for this. That's bogus. We know now that FTX was so looted and so broke it was doomed. The only question was what would pop the bubble.
This is straight theft of customer assets, like Madoff. As with Madoff, once there was a downturn, it all came apart.
There seems to be an attempt to sell a narrative which blames Binance for this. That's bogus. We know now that FTX was so looted and so broke it was doomed. The only question was what would pop the bubble.
This is straight theft of customer assets, like Madoff. As with Madoff, once there was a downturn, it all came apart.