Abiky
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November 28, 2023, 05:04:40 PM |
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I guess that $4B settles everything and CZ won't be ending up behind the bars. Although we're not defending him as he admitted that he committed that he's part of the money laundering based on what I've read about this case.
While SBF, clearly spent and used people's fund and that's why he's convicted.
At least CZ had some dignity and faced responsibility like a man. SBF on the contrary, did not admit he was guilty until the bitter end. He used customer's funds to build his little crypto empire. What CZ did, was honorable in my opinion. He paid the $4.3B settlement to the US government and declared himself guilty. This should increase investors'/traders' confidence on Binance exchange. Hopefully, the new CEO (Richard Teng) will guide the company towards the right direction. By working closely with regulators, Binance will survive for a very long time. This could be the beginning of a new era for both Binance and BNB.u Crypto land is often full of surprises, so expect the unexpected. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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arabspaceship123 (OP)
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November 28, 2023, 11:58:10 PM |
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I don't use Binance I'm stacking sig campaign sats on Electrum wallet so don't need it. There's ppl out there who like CZ or hate him equally it isn't about him being rich so he's a target for American regulators. SBF said CZ purchased 20% of FTX because he wanted to bankrupt it. How would you feel about CZ if it's true? At the end of the day I like CZ, I like Binance, and I own some BNB, but I'm sure that CZ is not "a good person" just like many other millionaires/billionaires out there: if you want to get to that level, you have to do some unethical stuff. Or does any of you think that all those people made money following every single rule and being kind with everyone? Of course not. But CZ is not SBF at all.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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November 29, 2023, 08:25:54 PM |
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I don't use Binance I'm stacking sig campaign sats on Electrum wallet so don't need it. There's ppl out there who like CZ or hate him equally it isn't about him being rich so he's a target for American regulators. SBF said CZ purchased 20% of FTX because he wanted to bankrupt it. How would you feel about CZ if it's true? At the end of the day I like CZ, I like Binance, and I own some BNB, but I'm sure that CZ is not "a good person" just like many other millionaires/billionaires out there: if you want to get to that level, you have to do some unethical stuff. Or does any of you think that all those people made money following every single rule and being kind with everyone? Of course not. But CZ is not SBF at all.
"SBF said" It should be pretty obvious that CZ is much more credible than SBF.. so it seems pretty crazy to believe anything that SBF says about CZ's supposed motives, when SBF is already a proven liar and a repeated liar... over and over and over.. like a deluded child.. it is not only in his own words from the press but you have a lot of instances of SBF saying stupid, contradictory, self-serving, misleading and even evasive things, which ultimately should establish pretty clearly how evil SBF is in terms of his deserving time in prison. That's not the case with CZ... I am not saying CZ is Mr. Goodie two shoes, but I am saying there is plenty of evidence of his making reasonable statements and then sometimes backing off of some of his earlier statements, but also seeming to intend to cooperate with authorities in a variety of ways and even to make sure things in his business are not stealing customer funds.. and even if there may be some instances in which CZ might have had some bad business practices, they were no where near the level of SBF's use and abuse of customer funds while saying that he was doing the exact opposite.. so fuck SBF as anything close to any kind of a credible witness in regards what might or might not be the character of CZ..
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Mate2237
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November 29, 2023, 09:08:13 PM |
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Sam Bankman Fried of FTX and Changpeng Zhao of Binance cases are of different ones. Though they are all criminal cases but Sam Bankrman project collapsed while Cz project is still active. Therefore if they will have punishment they will not have it in an equal way. Binance former CEO was fined to pay $4.3B for the crime committed. This money laundering issues that are coming up rampantly this days in the cryptocurrency ecosystem is the new method the government is using to shot down some projects and companies. Though it is good because it will make the cryptocurrency ecosystem free from money laundering.
We just thank God that Binance did not shot down the company because if they did, people would have lost money more than FTX.
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tread93
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November 29, 2023, 09:12:54 PM Last edit: December 01, 2023, 12:52:48 AM by tread93 |
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I guess that $4B settles everything and CZ won't be ending up behind the bars. Although we're not defending him as he admitted that he committed that he's part of the money laundering based on what I've read about this case.
While SBF, clearly spent and used people's fund and that's why he's convicted.
At least CZ had some dignity and faced responsibility like a man. SBF on the contrary, did not admit he was guilty until the bitter end. He used customer's funds to build his little crypto empire. What CZ did, was honorable in my opinion. He paid the $4.3B settlement to the US government and declared himself guilty. This should increase investors'/traders' confidence on Binance exchange. Hopefully, the new CEO (Richard Teng) will guide the company towards the right direction. By working closely with regulators, Binance will survive for a very long time. This could be the beginning of a new era for both Binance and BNB.u Crypto land is often full of surprises, so expect the unexpected. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It does appear that CZ learned from SBF's actions seeing the result publicly online and all over the news. Its clear that regulators are cracking down to pave the way for the Bitcoin ETF, and now with Binance's new figurehead Richard Teng we will see them have a much smaller impact on the exchance crypto industry as a whole. I for one am just now waiting for the equivalent of Trump mugshot for CZ, now just someone need's to make his bail lol. Poor guy can't flee to Saudi and the US isn't going to let him return to see his family to even chance him doing that.
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bbc.reporter
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December 02, 2023, 12:35:34 AM |
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Sam Bankman Fried of FTX and Changpeng Zhao of Binance cases are of different ones. Though they are all criminal cases but Sam Bankrman project collapsed while Cz project is still active. Therefore if they will have punishment they will not have it in an equal way. Binance former CEO was fined to pay $4.3B for the crime committed. This money laundering issues that are coming up rampantly this days in the cryptocurrency ecosystem is the new method the government is using to shot down some projects and companies. Though it is good because it will make the cryptocurrency ecosystem free from money laundering.
We just thank God that Binance did not shot down the company because if they did, people would have lost money more than FTX.
I could not find the thread, however, there was someone in the forum who asked if CZ is being treated unfairly by the department of justice. The replies of some people saying that he was treated fairly were head shaking and it appears that they do not follow the news more closely. CZ is certainly not being treated fairly compared to the penalties that were given to the executives of traditional finance who were complicit in moneylaundering, stealing and scamming. What they were given was a slap on the wrist and a fine. No one was criminally indicted and no one was held legally responsible. The justice system is not fair, this is reality. Also, the cryptocurrency ecosystem will not be free from moneylaundering because CZ stepped down hehehe. It will continue.
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philipma1957
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'The right to privacy matters'
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December 02, 2023, 12:40:38 AM |
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Sam Bankman Fried of FTX and Changpeng Zhao of Binance cases are of different ones. Though they are all criminal cases but Sam Bankrman project collapsed while Cz project is still active. Therefore if they will have punishment they will not have it in an equal way. Binance former CEO was fined to pay $4.3B for the crime committed. This money laundering issues that are coming up rampantly this days in the cryptocurrency ecosystem is the new method the government is using to shot down some projects and companies. Though it is good because it will make the cryptocurrency ecosystem free from money laundering.
We just thank God that Binance did not shot down the company because if they did, people would have lost money more than FTX.
I could not find the thread, however, there was someone in the forum who asked if CZ is being treated unfairly by the department of justice. The replies of some people saying that he was treated fairly were head shaking and it appears that they do not follow the news more closely. CZ is certainly not being treated fairly compared to the penalties that were given to the executives of the traditional finance who were complicit to moneylaundering, stealing and scamming. What they were given was a slap on the wrist and a fine. No one was criminally indicted and no one was held legally responsible. Also, the cryptocurrency ecosystem will not be free from moneylaundering because CZ stepped down hehehe. It will continue. Correct they (money laundering people) will find another way. In the 90's and early 00's. Many towns in the USA had Chinese all you can eat buffets. Most close when btc and other coins did well. So here in the USA you can bet more Chinese buffets will open back up.
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boyptc
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December 02, 2023, 01:13:30 AM |
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I don't use Binance I'm stacking sig campaign sats on Electrum wallet so don't need it. There's ppl out there who like CZ or hate him equally it isn't about him being rich so he's a target for American regulators. SBF said CZ purchased 20% of FTX because he wanted to bankrupt it. How would you feel about CZ if it's true?
AFAIK, that deal was publicly published but later on didnt proceed. I think it would have been a different story of CZ managed to acquire FTX. But I guess during that time, he has already foreseen what was about to come and he can no longer fix it. Anyway, whether we like it or not. There is always the good, bad and unknown sides of these prominent people in the crypto scene.
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wallet4bitcoin
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December 02, 2023, 01:37:30 AM Merited by JayJuanGee (1) |
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It's official CZ pleaded guilty to a felony charge of violating money laundering laws. CZ's on bail at $175M. He's replaced by Richard Teng after he resigned as CEO of Binance. The exchange's got to pay $4.3B to settle the case. Did we consider Sam Bankman Fried & Changpeng Zhao would've been convicted criminals in 2023? They're going to be sentenced next year. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fblogtienao.com%2Fwp-content%2Fuploads%2F2021%2F07%2Fsam-vs-cz.jpg&t=665&c=Tvu7h3dJLLj9iw) I think the FEDs are trying to get the big wigs out of the game to just create a safe passage for regulations and centralised systems, at the same time, also extorting money from Binance. Much earlier when the space started, a few years back, there were no regulatory policies and no place in the law restraining these institutions from operating in a kinda way. Fast forward to 2023, they are now been said to have committed felony. I consider it shameful for SEC and others to be after a tech that they know is the evolution we all craved for, and in which they are now benefiting from behind the scene while, at the same time, extorting money from.
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arabspaceship123 (OP)
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December 02, 2023, 02:03:56 PM |
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The FTX doc on Bloomberg had ppl say SBF tried to get FTX regulated but he was being asked for full disclosure. Binance owned 20% so each time he asked for credentials CZ refused he didn't give them to SBF so he couldn't get FTX regulated. They paid Binance $2.1B to buy back their shares but it was too late it didn't save FTX. Bloomberg doc question's why did CZ purchased 20% ownership in FTX if didn't want it to collapse. Sam Bankman Fried of FTX and Changpeng Zhao of Binance cases are of different ones. Though they are all criminal cases but Sam Bankrman project collapsed while Cz project is still active. Therefore if they will have punishment they will not have it in an equal way. Binance former CEO was fined to pay $4.3B for the crime committed. This money laundering issues that are coming up rampantly this days in the cryptocurrency ecosystem is the new method the government is using to shot down some projects and companies. Though it is good because it will make the cryptocurrency ecosystem free from money laundering.
We just thank God that Binance did not shot down the company because if they did, people would have lost money more than FTX.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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December 02, 2023, 03:01:23 PM |
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The FTX doc on Bloomberg had ppl say SBF tried to get FTX regulated but he was being asked for full disclosure. Binance owned 20% so each time he asked for credentials CZ refused he didn't give them to SBF so he couldn't get FTX regulated. They paid Binance $2.1B to buy back their shares but it was too late it didn't save FTX. Bloomberg doc question's why did CZ purchased 20% ownership in FTX if didn't want it to collapse. Sam Bankman Fried of FTX and Changpeng Zhao of Binance cases are of different ones. Though they are all criminal cases but Sam Bankrman project collapsed while Cz project is still active. Therefore if they will have punishment they will not have it in an equal way. Binance former CEO was fined to pay $4.3B for the crime committed. This money laundering issues that are coming up rampantly this days in the cryptocurrency ecosystem is the new method the government is using to shot down some projects and companies. Though it is good because it will make the cryptocurrency ecosystem free from money laundering.
We just thank God that Binance did not shot down the company because if they did, people would have lost money more than FTX.
Are missing some kind of a link when you are referring to the "Bloomberg doc" because I am unclear about the reference, and the way you are describing the matter of Binance's/CZ's stake in FTX seems strange too. My understanding is that Binance/CZ helped to get FTX started, so it was a kind of loan that FTX paid back by using some real assets, but also by partially paying Binance/CZ with their FTT tokens. which was part of the reason that Binance/CZ had so many FTT tokens. There is likely nothing that conspiratorial about one exchange investing in another exchange, and then once the newer exchange becomes successful to thereafter pay back the loan that they received... so Binance's 20% ownership in FTX was ONLY for a period of time, and yeah, when FTX had gotten into trouble, Binance/CZ said that they would look at the possibility of rescuing them or buying the company.. but only after a few days Binance/CZ determined that FTX was too messed up to even consider getting involved in buying it or bailing them out. Even though Sam was continuously seeming to court favors from various kinds of regulators, it really must be questionable the extent to which they were trying to get regulated - except in kinds of scammy and scummy backdoor ways that would likely blow up sooner or later, which surely should cause many of us to pause in our thinking regarding how much we don't really know about the various back room relations that FTX had and whether politicians (and regulators) were merely involved in any kinds of ways with FTX/SBF based on their own use of FTX as ways to launder money and/or to potentially attack bitcoin and/or crypto... I am surely not claiming to understand very much, even though surely there are a lot of folks who have lost money through FTX, so they may be more motivated to look into what matters that they are able to attempt to figure out from various sources already out there, including maybe trying to figure out various kind of relationships that are still not known and/or potentially being covered up... which maybe part of the reason that some folks might be wanting the second trials against sam and maybe some others to go forward... which may or may not end up helping to bring some more of the facts to light in terms of what kinds political influence behaviors were taking place.. which truly Sam's parents and maybe even some of his family have way more culpability in their various behaviors than what is being investigated into (at least from what we know about any investigations into Sam's parents and/or relatives).
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Bushdark
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December 02, 2023, 05:47:52 PM |
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I don't use Binance I'm stacking sig campaign sats on Electrum wallet so don't need it. There's ppl out there who like CZ or hate him equally it isn't about him being rich so he's a target for American regulators. SBF said CZ purchased 20% of FTX because he wanted to bankrupt it. How would you feel about CZ if it's true? At the end of the day I like CZ, I like Binance, and I own some BNB, but I'm sure that CZ is not "a good person" just like many other millionaires/billionaires out there: if you want to get to that level, you have to do some unethical stuff. Or does any of you think that all those people made money following every single rule and being kind with everyone? Of course not. But CZ is not SBF at all.
Whether you use binana or not, it does not mean anything and people that are using it could still continue because it is still the most safest centralized exchange in the market right now. There had been many news to make the exchange to go bankrupt or lose value but I don't think people are interested in that. Binance had built a name and that name can not tremble because he was accused of money laundering in the United States. Many people had been looking for ways to make sure that the company crash nothing will happen.
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arabspaceship123 (OP)
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December 02, 2023, 11:57:55 PM |
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There isn't conspiracy when Binance invests $80M to buy in 20% FTX stake. The Bloomberg doc's show ppl saying FTX paid $1.5B cash to CZ to get him out of the way because he blocked their regulation attempts. Binance received $2.1B for selling 20% back to FTX. The doc's available on Bloomberg TV it's about the collapse of FTX. It's called RUIN. I don't like FTX or Binance. I'm not a fan of SBF or CZ because they're linked in FTX's collapse. Are missing some kind of a link when you are referring to the "Bloomberg doc" because I am unclear about the reference, and the way you are describing the matter of Binance's/CZ's stake in FTX seems strange too. My understanding is that Binance/CZ helped to get FTX started, so it was a kind of loan that FTX paid back by using some real assets, but also by partially paying Binance/CZ with their FTT tokens. which was part of the reason that Binance/CZ had so many FTT tokens.
There is likely nothing that conspiratorial about one exchange investing in another exchange, and then once the newer exchange becomes successful to thereafter pay back the loan that they received... so Binance's 20% ownership in FTX was ONLY for a period of time, and yeah, when FTX had gotten into trouble, Binance/CZ said that they would look at the possibility of rescuing them or buying the company.. but only after a few days Binance/CZ determined that FTX was too messed up to even consider getting involved in buying it or bailing them out.
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bbc.reporter
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December 03, 2023, 05:57:17 AM Merited by JayJuanGee (1) |
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Sam Bankman Fried of FTX and Changpeng Zhao of Binance cases are of different ones. Though they are all criminal cases but Sam Bankrman project collapsed while Cz project is still active. Therefore if they will have punishment they will not have it in an equal way. Binance former CEO was fined to pay $4.3B for the crime committed. This money laundering issues that are coming up rampantly this days in the cryptocurrency ecosystem is the new method the government is using to shot down some projects and companies. Though it is good because it will make the cryptocurrency ecosystem free from money laundering.
We just thank God that Binance did not shot down the company because if they did, people would have lost money more than FTX.
I could not find the thread, however, there was someone in the forum who asked if CZ is being treated unfairly by the department of justice. The replies of some people saying that he was treated fairly were head shaking and it appears that they do not follow the news more closely. CZ is certainly not being treated fairly compared to the penalties that were given to the executives of the traditional finance who were complicit to moneylaundering, stealing and scamming. What they were given was a slap on the wrist and a fine. No one was criminally indicted and no one was held legally responsible. Also, the cryptocurrency ecosystem will not be free from moneylaundering because CZ stepped down hehehe. It will continue. Correct they (money laundering people) will find another way. In the 90's and early 00's. Many towns in the USA had Chinese all you can eat buffets. Most close when btc and other coins did well. So here in the USA you can bet more Chinese buffets will open back up. My argument is not about how moneylaunderers would try to find another method of laundering their funds. The argument is how those people behind HSBC or Goldman Sachs are not treated in a similar way as CZ. Have we witnessed a CEO of a big bank go to prison? No, however, if it is a CEO from the cryptospace they would put him to prison. Why did this Goldman Sachs CEO did not go to prison after a guilty plea? An ex-Goldman Sachs banker who pleaded guilty to conspiring to steal money from Malaysia’s state investment fund said Goldman’s “culture” encouraged executives to work around the legal team to score business.
It was “very much in line of its culture of Goldman Sachs to conceal facts from certain compliance and legal employees,” said Tim Leissner, Goldman’s former Southeast Asia chairman, in his guilty plea from August, which was unsealed in federal court in Brooklyn Friday.
Leissner admitted that he hid from Goldman the fact that Malaysian financier Jho Low secured business for the bank by bribing officials in Malaysia and Abu Dhabi. The US government alleges Low played a central role in a scheme to launder billions of dollars from the Malaysian sovereign wealth fund, 1Malaysia Development Berhad.Source https://edition.cnn.com/2018/11/09/business/lloyd-blankfein-goldman-sachs-1mdb/index.html@arabspaceship123. I am not quite certain if you are updated on the news, however, FTX was a scam from the beginning. It was going to die with or without CZ's dump on FTT. Also, if you were CZ and knew Sam was scamming and you hold Binance's billions in FTT, would you dump it or not? The answer would certainly be yes.
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JayJuanGee
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December 03, 2023, 06:09:43 AM |
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There isn't conspiracy when Binance invests $80M to buy in 20% FTX stake. The Bloomberg doc's show ppl saying FTX paid $1.5B cash to CZ to get him out of the way because he blocked their regulation attempts. Binance received $2.1B for selling 20% back to FTX. The doc's available on Bloomberg TV it's about the collapse of FTX. It's called RUIN. I don't like FTX or Binance. I'm not a fan of SBF or CZ because they're linked in FTX's collapse. Are missing some kind of a link when you are referring to the "Bloomberg doc" because I am unclear about the reference, and the way you are describing the matter of Binance's/CZ's stake in FTX seems strange too. My understanding is that Binance/CZ helped to get FTX started, so it was a kind of loan that FTX paid back by using some real assets, but also by partially paying Binance/CZ with their FTT tokens. which was part of the reason that Binance/CZ had so many FTT tokens.
There is likely nothing that conspiratorial about one exchange investing in another exchange, and then once the newer exchange becomes successful to thereafter pay back the loan that they received... so Binance's 20% ownership in FTX was ONLY for a period of time, and yeah, when FTX had gotten into trouble, Binance/CZ said that they would look at the possibility of rescuing them or buying the company.. but only after a few days Binance/CZ determined that FTX was too messed up to even consider getting involved in buying it or bailing them out.
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.. Thus, you are crazy if you believe that anything except for Sam and the other various FTX agents were responsible for the level of fraud and corruption that took place at and through FTX and Alameda. That was not CZ's or Binance's doing, even though there ongoing forced comparisons, and it is quite misinformative to be putting CZ/Binance as if it were engaged in the same (or similar) to FTX.. .There have been other documentaries doing the same thing, but the mere fact that they come out with several documentaries saying similar things and making similar dumb comparisons does not make them true. Merely because they are in well-presented televised formats..
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1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Ben Barubal
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December 03, 2023, 11:06:17 AM |
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I think that in this case with Binance, other countries are taking advantage of it; they seem to want to take Binance to their countries as well. They will harass Binance until Binance itself settles with them, depending on the amount that can be agreed upon.
Something is not good; it seems that the only thing that will happen there is that Binance will be milked because they know that this exchange platform has a lot of funds. And I don't like that because it seems that Binance has been abused by other money-hungry governments. This is just my opinion.
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UchihaSarada
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December 03, 2023, 11:39:30 AM |
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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..
Thus, you are crazy if you believe that anything except for Sam and the other various FTX agents were responsible for the level of fraud and corruption that took place at and through FTX and Alameda.
That was not CZ's or Binance's doing, even though there ongoing forced comparisons, and it is quite misinformative to be putting CZ/Binance as if it were engaged in the same (or similar) to FTX.. .There have been other documentaries doing the same thing, but the mere fact that they come out with several documentaries saying similar things and making similar dumb comparisons does not make them true. Merely because they are in well-presented televised formats..
The mere fact that a business like FTX that is rotten in their foundation only waits for time to collapse. If not Binance took that action and triggered the collapse of FTX exchange, will that exchange become better and avoid its crash months or years later? It will very possibly no, they will fail to change themselves because after a long time of doing something wrong in management, they will get familiar with it and consider a risky management (that they aware initially) to be a normal, not too risky management. This will only make the collapse of FTX becomes more dramatic and worse than what actually happened in 2022. Binance and CZ can not be innocent but the cryptocurrency market and communities must admit a fact that their actions from Binance actually helped the market avoid bigger collapse and bigger market effects from FTX.
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Cryptomultiplier
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December 03, 2023, 01:07:31 PM |
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To payback $4.3B isn't more of a problem for an exchange like Binance that's if not the biggest crypto exchange and with enough capital index gotten from or raked in from unknown charges and deals we the customers know absolutely nothing about.
This settlement is more to serve as a deterrent to other exchanges and crypto decentralized services that are springing up with newer ideas that is uncontrollable by the government regulations and financial regulators. Cz resignation is also in good faith no matter how it is perceived because, it has stamped the trust of doing business with Binance on the hearts of its customers. It is a good marketing and advertising move.
No one anticipated the collapse of FTX, hence why the regulators had to be up and doing in finding dirt about criminal undertones that the exchanges may be involved in, as well as chunck down the power and size of its current market, so as to allow for other exchanges and programs as may include the introduction and approval of ETF projects and the introduction of new centralized network that is controlled and regulated and taxed without the monotonous power of the exchanges themselves.
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cryptoaddictchie
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December 03, 2023, 01:23:45 PM |
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To payback $4.3B isn't more of a problem for an exchange like Binance that's if not the biggest crypto exchange and with enough capital index gotten from or raked in from unknown charges and deals we the customers know absolutely nothing about. themselves.
Did the $4.3B was paid by Binance or CZ? Since it was an accused on CZ I think he was the one paid it not by Binance. It seems that amount have nothing from CZ and has more deeper funds. Imagine how rich he is that can bail out with that kind of figures. Im sure CZ will claim it back through investing on defi or alts in the future aside from Binance. Hence he will never leave thar company for sure still part of it till the end though its being handled by other people now.
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arabspaceship123 (OP)
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December 03, 2023, 06:16:19 PM |
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SBF should've behaved different when he knew CZ wasn't going to let FTX get regulated. FTX would've survived if SBF was smart enough to get around the 20% stake Binance owned. 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. 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..
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