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There's a twitter thread by Adam Cochran if you want to read more or less the above, in much longer more detailed format. But, yeah, in general my opinion base
by VLM 4y ago
There's a twitter thread by Adam Cochran if you want to read more or less the above, in much longer more detailed format.
But, yeah, in general my opinion based on what I've seen is the business model of FTX was to profit off the destruction of DeFi competitors via purchasing government regulations designed to do so, so one of the guys about to be shut down, took him out first knowing that he was financially extremely vulnerable.
He was already doing everything he could to take CZ down and now he just has less resources to do so, nothing is going to change there.
Another opinion is the meta point of the entire event is middling regulation doesn't work. Locked down central control is boring and unprofitable (well, for everyone not on the "inside") or "wild west nobody trust nobody" works, but FTX was marketing how heavily regulated and thus incredibly trustworthy they were, just don't look too closely at the balance sheet which was pretty much entirely fictional toward the end.