3 ms·
> Binance found the truth Binance saw the real game that SBF was planning: regulatory capture of the crypto exchanges market to get rid of Binance. When evide
by TacticalCoder 4y ago
> Binance found the truth
Binance saw the real game that SBF was planning: regulatory capture of the crypto exchanges market to get rid of Binance. When evidence impossible to deny came up to light, Binance decided to strike Alameda/FTX to death.
Funnily enough the regulation the ex-CFTC commissioner working for SBF was working on alongside officials may still pass and so Binance may still be totally screwed. But CZ was not going to go down alone and let SBF pull his incredible feat.
CZ wrote stuff like: "Sam isn't a team player", "He's working behind our back to pass legislation that'd prevent us from operate".
In other words: SBF wasn't just a scammer like tether/bitfinex/binance/justin sun etc. SBF was also working, not even in the shadows, to get rid of all of these guys.
No honor among thieves.
So CZ screwed him, very hard.
- LatteLazy 4y agoWhat reg capture was SBF engaged in? Forgive my ignorance, I'm not well versed in this. It made perfect sense to me for Binance to eliminate a rival just for its own sake. But if there is a more specific reason please enlighten me!