Would you invest in FTX 2.0?

[bbc.reporter]

@noorman0. Agreed that we should know the people behind the exchange and assess if they are qualified to run the exchange for a very long time. On the argument on Binance and their buyback and burn on BNB, I reckon the people behind the exchange has shown that they are quite competent.

Binance is still very much the biggest exchange despite legal problems and the fine on the exchange and CZ. However, CZ also has shown that he is influential when he convinced the people behind the president to pardon him. This very much shows that he is a person similar to Bill Gates or other great CEOs.

[Iranus]

Binance is still very much the biggest exchange despite legal problems and the fine on the exchange and CZ. However, CZ also has shown that he is influential when he convinced the people behind the president to pardon him. This very much shows that he is a person similar to Bill Gates or other great CEOs.

But CZ and Binance have to go through huge legal trouble. Binance was fined several billion dollar for violating US money laundering and compliance law. CZ himself pleaded guilty and is serving a few month in jail. yeah things have gone chilly now but that does not mean all legal risk or compliance hassle have been resolved. CZ will not be able to directly hold any responsibilitiy at Binance management yet

Comparing CZ to Bill Gates in term of influence is a bit of a stretch, in my opinion. Gates is making his impact through long term positive work, while CZs influence is intertwined with legal wrangling and regulatory drama. Binance is still leading but the place of absolute faith has not yet been created

[Z-tight]

CZ will not be able to directly hold any responsibilitiy at Binance management yet

I am not so sure about that. Maybe he can now that he has been pardoned by Mr President. There has been no news about that after his pardon, though a lot of people even believe that he was and still controls binance, just behind the scenes. So maybe there is no meed for him to take centre stage again.

However, CZ also has shown that he is influential when he convinced the people behind the president to pardon him. This very much shows that he is a person similar to Bill Gates or other great CEOs.

Maybe that is not so hard right now, especially if you have something to offer in return.