CZ dumping FTT | Bitcointalksearch.org

SUNNY F

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Quote from: o48o on November 08, 2022, 12:49:25 PM

Quote from: SUNNY F on November 08, 2022, 05:03:36 AM

Is this the result of a long-planned plan? This is the result of weighing the pros and cons. CZ has a limited pattern, but there are not many people who have reached this level who are not ruthless and full of blood. The market is like this, A and B It is C who is injured in the fight, and C is mostly retail investors in most cases.

Things have been hectic, withdrawals rejected and huge panic in the market. Next bail-out by binance and now they are going to aquire the whole FTX. I didn't see this coming, although it was probably the whole plan from the start.
https://twitter.com/cz_binance/status/1590013613586411520

This wasn't a fight, this was a giant takeover. Something tells me that FTX token would be interesting bet to buy now, as no one knows what are plans for it next. Anyway.
Fud about this is totally over.

Edit (CZ explains his reasoning for the tweet): https://twitter.com/cz_binance/status/1589695556909424640

Such a big volcano, who will receive it? The trust of users will naturally flow to CZ, and now he can get users without doing anything, because he has defeated his only competitor.

diminizio

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LUNA is right to traumatize everyone. now that we're seeing FTT which feels the same fate as LUNA except that FTT is an exchange token, I think even the influence of this hack was greater than the luna incident back then. We can only see how slumped crypto was when this largest exchange finally collapsed under hackers.

o48o

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Quote from: vanesha on November 14, 2022, 05:23:25 PM

I don't think an attack on FTX will affect FTT alone, but indirectly affect all existing cryptos because crypto trust will decline. how can high-tier exchanges like FTX still be conceded by hackers when they already have a lot of trust. This makes everyone worry about the storage on the exchange.

You talking about the hackers attacking to FTX?

This might sound like an unrealistic tinfoil hat accusation but i woudn't leave out the option that they had help from an insider. Employees were most likely lied about insolvency issues as well, and because they worked there, as a support they could have lots of their money in FTT in a same way that Binance employees have some of their salaries paid in BNB. This would have made them financially broke and vulnerable for bribery. And as lot's of hacking is based on human engineering, they could have just set up a ruse where they claim they have been deceived / robbed / cheated by hackers. As this is a common way to hackers to get in it would be beliveable.

But this is all speculation.

And things have changed since i started this thread. Now the consensus is that SAM is the bad guy here and binance had no reason to punish them as they wouldn't have gain as much even if they had whole their user base as they would have with market stability and investors trust on the markets.

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I don't think an attack on FTX will affect FTT alone, but indirectly affect all existing cryptos because crypto trust will decline. how can high-tier exchanges like FTX still be conceded by hackers when they already have a lot of trust. This makes everyone worry about the storage on the exchange.

Silberman

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Quote from: gunhell16 on November 11, 2022, 10:43:59 PM

In this post by CZ on the Twitter platform, it is evident that he has already given a warning to those who still believe that they are FTT holders to sell it before CZ sells a large holding of FTT. In truth, poor investors invested a lot and believed in FTT because now their losses are too big.

So in my opinion the only thing FTT holders who have large amounts of holding can do is sell all their FTT now rather than let it be less than 0.1$ which is a bigger loss in the holdings they sell.

Many of the people that bought FTT at its ATH are probably hoping for a miracle and will go down with the ship instead of selling for whatever they can get, after all can you imagine buying a coin for almost 85 dollars and then a year later you have to sell the coin for less than 2 dollars? That is a blow which is simply too difficult for most people to accept, and we saw a very recent example of this with Luna in which there are still many people which believe it will recover its value at some point in the future.

tvplus006

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Quote from: peschwecks on November 12, 2022, 01:28:57 AM

...The reason was just a few tweets from KOLs?

The reason was not the tweets, but the fact that the FTX exchange under the leadership of Sam Bankman-Fried was caught in the misuse of investors' funds, which led to a loss of confidence in the exchange and, accordingly, a decrease in the price of its exchange token. And everything that happened later was a consequence of this violation.

hyudien

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Quote from: Thomas Kralow on November 12, 2022, 03:51:10 AM

Regardless of the truth of the matter, we retail investors or everyone who believes in FTT, we are all participants in the game, not the makers of the rules of the game. Without the right to speak, we can only accept the result. This is a very bad thing, and I am not facing bankruptcy because of this thing. What I'm always waiting for is a truly decentralized project, as I buy a little bit of bitcoin every month, I don't think about the price. Because I always think this is the early stage of Bitcoin's development.

It looks like the drama will continue until one of the two goes bankrupt. Now it was Sam who seemed to be losing or indeed CZ was too strong in his influence. Despite the drama that is so bad for market fluctuations there are many large and small investors who have suffered losses from the effects of disputes. Business and competition are not much different, and when CZ now feels that she has won, is she really considered a savior in the eyes of the public? certainly not

Because both of them have caused public unrest and as a result, we as investors and traders increasingly believe that centralized exchanges cannot be trusted.

Hold on tight to your Bitcoins, and let the bankers frown.

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Quote from: gunhell16 on November 11, 2022, 10:43:59 PM

In this post by CZ on the Twitter platform, it is evident that he has already given a warning to those who still believe that they are FTT holders to sell it before CZ sells a large holding of FTT. In truth, poor investors invested a lot and believed in FTT because now their losses are too big.

So in my opinion the only thing FTT holders who have large amounts of holding can do is sell all their FTT now rather than let it be less than 0.1$ which is a bigger loss in the holdings they sell.

Regardless of the truth of the matter, we retail investors or everyone who believes in FTT, we are all participants in the game, not the makers of the rules of the game. Without the right to speak, we can only accept the result. This is a very bad thing, and I am not facing bankruptcy because of this thing. What I'm always waiting for is a truly decentralized project, as I buy a little bit of bitcoin every month, I don't think about the price. Because I always think this is the early stage of Bitcoin's development.

peschwecks

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There are so many versions of this story that I can't tell who the director is. In just a few days, there have been many reversals. Market sentiment also reversed back and forth. My point of view is: 1. This is pure business competition. There are no good people, and everyone has the best interests. 2 Centralized exchanges do evil, are not transparent, and have no trust. It goes against the essence of Bitcoin. 3 No matter who wins, it is a necessary stage for the digital currency market. 4 Does government regulation matter? Or is it truly decentralized? This question is extremely important. 5Beliefs were broken, investment institutions were shuffled, the world's second-ranked exchange failed, and entered bankruptcy liquidation procedures. The reason was just a few tweets from KOLs?

gunhell16

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In this post by CZ on the Twitter platform, it is evident that he has already given a warning to those who still believe that they are FTT holders to sell it before CZ sells a large holding of FTT. In truth, poor investors invested a lot and believed in FTT because now their losses are too big.

So in my opinion the only thing FTT holders who have large amounts of holding can do is sell all their FTT now rather than let it be less than 0.1$ which is a bigger loss in the holdings they sell.

o48o

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Quote from: Silberman on November 11, 2022, 05:25:39 PM

-cut-
however traders and investors were caught in the middle of such maneuver and they have lost a lot of money because of this act of revenge.
-cut

They would have lost their money eventually. FTX mishandled customer funds and they are under U.S. agency investigations. CZ most likely heard about this at least at the time he was bailing them out and rejected the offer.

FTX messing up was a more severe blow then people seem to realize, as they are talking about token holders only. FTX group had something like 130 companies under it that went bankrupt not to mention VC investors:

Billions went up in smoke in a moment. It's so surreal it's hard to comprehend. And we shall feel the ripple effect of this for a long time.

Silberman

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Quote from: justdimin on November 11, 2022, 09:54:22 AM

Quote from: o48o on November 09, 2022, 01:09:12 AM

I mean that he would have known it creates fud and how it plays out after that as there was fud happening already, even from Bitboy from all the people Cheesy

.
Maybe i am overestimating how smart CZ is but surely he knows that one wrong tweet from him can destroy a token?
And when he mentions selling his ftt bag and that he learned from luna at same sentence. If that wouldn't do it, nothing would.

What it comes to Commodity Futures Trading Commission, they are mostly interested on authorization of FTX US Derivatives after their liquidity problems, not legality of this takeover.

He was fully aware of what he was doing, he was basically taking revenge. According to CZ there was a period where FTX ended up "attacking" binance, and he saw that as treason because he was the first one to invest into it (well binance was but cz=binance in my mind).

This means he was expecting loyalty and instead he got attacked from them and this made him a bit angry and at the very least dislike FTX. Right now, he found a chance that he could just sell all of his FTT and take a small hit but he could destroy another website. This is why I believe he did it, otherwise he could have sold it for 22 dollars each, and he didn't and made a loss, all because he wanted to destroy FTX and nothing else.

I think this as well, it is said that revenge is a dish best served cold and it seems CZ applied this principle perfectly, he waited until he could maximize the damage he could do to FTX and threw a demolishing blow to it, then he gave the impression of being sympathetic and explored the possibility to acquire to exchange only to refuse at the end, however traders and investors were caught in the middle of such maneuver and they have lost a lot of money because of this act of revenge.

o48o

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Quote from: justdimin on November 11, 2022, 09:54:22 AM

He was fully aware of what he was doing, he was basically taking revenge. According to CZ there was a period where FTX ended up "attacking" binance, and he saw that as treason because he was the first one to invest into it (well binance was but cz=binance in my mind).
This means he was expecting loyalty and instead he got attacked from them and this made him a bit angry and at the very least dislike FTX. Right now, he found a chance that he could just sell all of his FTT and take a small hit but he could destroy another website. This is why I believe he did it, otherwise he could have sold it for 22 dollars each, and he didn't and made a loss, all because he wanted to destroy FTX and nothing else.

Yup, and honestly, not that some background has opened, it wasn't the only reason. He was aware about some issues happening. The fact i thought that the fud was over was very naive thinking from me. Everything they had exposure to was being dumped and they had to prevent bank run effect.

There were also some leaked damning info about the FTX. ( https://twitter.com/cobie/status/1590610757334728704 )
The rabbit hole is so huge that i would need to do ton of research to cover everything and how it affected to firms that had loan deals with ftx. It's like a card house, one falling after another.

But there are way more capable people reporting about this then me so i don't think i'll be doing any exposure thread.

I am just wishing he didn't went and short FTT or others at the same time, as that could be seen as market manipulation for profit, and then Binance would be in trouble too and we would be REALLY in trouble.

justdimin

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Quote from: o48o on November 09, 2022, 01:09:12 AM

I mean that he would have known it creates fud and how it plays out after that as there was fud happening already, even from Bitboy from all the people Cheesy

.
Maybe i am overestimating how smart CZ is but surely he knows that one wrong tweet from him can destroy a token?
And when he mentions selling his ftt bag and that he learned from luna at same sentence. If that wouldn't do it, nothing would.

What it comes to Commodity Futures Trading Commission, they are mostly interested on authorization of FTX US Derivatives after their liquidity problems, not legality of this takeover.

He was fully aware of what he was doing, he was basically taking revenge. According to CZ there was a period where FTX ended up "attacking" binance, and he saw that as treason because he was the first one to invest into it (well binance was but cz=binance in my mind).

This means he was expecting loyalty and instead he got attacked from them and this made him a bit angry and at the very least dislike FTX. Right now, he found a chance that he could just sell all of his FTT and take a small hit but he could destroy another website. This is why I believe he did it, otherwise he could have sold it for 22 dollars each, and he didn't and made a loss, all because he wanted to destroy FTX and nothing else.

o48o

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Quote from: decodx on November 08, 2022, 04:04:03 PM

I'm not sure if this was planned from the beginning, but we may never know.
Here's a nice summary of how it all went wrong for SBF and FTX:
https://twitter.com/milesdeutscher/status/1589631447517655040
By the way, I don't think it's all over yet.

I mean that he would have known it creates fud and how it plays out after that as there was fud happening already, even from Bitboy from all the people Cheesy

.
Maybe i am overestimating how smart CZ is but surely he knows that one wrong tweet from him can destroy a token?
And when he mentions selling his ftt bag and that he learned from luna at same sentence. If that wouldn't do it, nothing would.

What it comes to Commodity Futures Trading Commission, they are mostly interested on authorization of FTX US Derivatives after their liquidity problems, not legality of this takeover.

Quote from: danherbias07 on November 08, 2022, 11:17:53 PM

Did they acquire it already or is it in the process of a deal?
-cut_

They signed Non-binding Letter Of Intent to aquire it, so they have an intent to do so.

rozak

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Quote from: danherbias07 on November 08, 2022, 11:17:53 PM

Damn it, we just recovered from the dump made by Luna, and now here we are. I thought the recovery is happening until this. This could be the reason for the recent dumps of all coins including Bitcoin. Investors are trying to exit the said exchange.

Of course, investors will withdraw their money from the platform with such risk. even rumors that large sums of money have also entered Binance. investors are securing their money.
the market has not improved because of the dump from LUNA. now FTT creates a follow-up dump. which will certainly prolong the bear market situation which may last until the end of the year.
this does look like the Luna V2 tragedy.

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Quote from: libert19 on November 08, 2022, 10:08:11 PM

Quote from: Jaered on November 07, 2022, 01:40:03 AM

This exact stuff is the reason centralization is bad. CZ just wants to flex his muscles because FTX is emerging as a big contender and competitor in the big crypto cake. However, this is also why monopoly is bad. I think FTX would bounce back and come out and bite CZ in the ass. Friedman would make FTX bigger than Binance, Mark my words

Meanwhile, binance acquires ftx

Did they acquire it already or is it in the process of a deal?
CZ might have done the simple rule in chess. Lure the queen then kill it. Cheesy

Nicely done.
If ever, just an "if" it happens then CZ will automatically have a big advertising dome. The FTX Arena in Miami Florida.

Damn it, we just recovered from the dump made by Luna, and now here we are. I thought the recovery is happening until this. This could be the reason for the recent dumps of all coins including Bitcoin. Investors are trying to exit the said exchange.

libert19

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Quote from: Jaered on November 07, 2022, 01:40:03 AM

This exact stuff is the reason centralization is bad. CZ just wants to flex his muscles because FTX is emerging as a big contender and competitor in the big crypto cake. However, this is also why monopoly is bad. I think FTX would bounce back and come out and bite CZ in the ass. Friedman would make FTX bigger than Binance, Mark my words

Meanwhile, binance acquires ftx

WalkerIVIV

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I guess it is just as it is he has stated that it's just risk management and effort in anticipating the next luna crash, it certainly makes sense if it's coming from binance since they are definitely the ones that have arsenal of professionals that's gonna make some analyzation therefore maybe they have made some conclusion that investing in this coin is no more good therefore they decided to just liquidate and move on, whether the coin gonna become the next luna, no one knows for sure but surely it's gonna get impacted massively.

Silberman

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Quote from: o48o on November 06, 2022, 06:23:07 PM

I am sensing that something is up, CZ just told everyone that they will be dumping their FTT tokens

It might be nothing and totally normal but i find the wording a little concerning. "Risk management" and "learning from luna". At least they are transparent of it, probably required by lawyers to be transparent but still i find this unusual.

I have been in crypto scene for a long time and i really do get paranoid every time something unusual happens that involves some CEX. I do trust FTX and use it a lot but something tells me that i shouldn't keep money in there right now. At least for a while. This is not fud at all, i am just concerned user and would like to see FTT rise and FTX blossom.

So how do you see this affecting the ftt price?

At least the way I am reading those tweets is that CZ suspects that FTX has been trying to go against him behind closed doors and he considers the move was unethical, and instead of trying to do the same they are making a huge movement in the open for everyone to see, and even if he claims that this is not a move against FTX it should be clear that it is, I just hope that the majority of the people can save themselves as the FTT token has collapsed overnight, and it is likely we are going to see another scenario like the one we saw with Luna months ago.

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Quote from: o48o on November 08, 2022, 12:49:25 PM

Quote from: SUNNY F on November 08, 2022, 05:03:36 AM

Is this the result of a long-planned plan? This is the result of weighing the pros and cons. CZ has a limited pattern, but there are not many people who have reached this level who are not ruthless and full of blood. The market is like this, A and B It is C who is injured in the fight, and C is mostly retail investors in most cases.

Things have been hectic, withdrawals rejected and huge panic in the market. Next bail-out by binance and now they are going to aquire the whole FTX. I didn't see this coming, although it was probably the whole plan from the start.
https://twitter.com/cz_binance/status/1590013613586411520

I'm not sure if this was planned from the beginning, but we may never know.

Here's a nice summary of how it all went wrong for SBF and FTX:
https://twitter.com/milesdeutscher/status/1589631447517655040

By the way, I don't think it's all over yet.

o48o

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Quote from: SUNNY F on November 08, 2022, 05:03:36 AM

Is this the result of a long-planned plan? This is the result of weighing the pros and cons. CZ has a limited pattern, but there are not many people who have reached this level who are not ruthless and full of blood. The market is like this, A and B It is C who is injured in the fight, and C is mostly retail investors in most cases.

Things have been hectic, withdrawals rejected and huge panic in the market. Next bail-out by binance and now they are going to aquire the whole FTX. I didn't see this coming, although it was probably the whole plan from the start.
https://twitter.com/cz_binance/status/1590013613586411520

This wasn't a fight, this was a giant takeover. Something tells me that FTX token would be interesting bet to buy now, as no one knows what are plans for it next. Anyway.
Fud about this is totally over.

Edit (CZ explains his reasoning for the tweet): https://twitter.com/cz_binance/status/1589695556909424640

SUNNY F

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Is this the result of a long-planned plan? This is the result of weighing the pros and cons. CZ has a limited pattern, but there are not many people who have reached this level who are not ruthless and full of blood. The market is like this, A and B It is C who is injured in the fight, and C is mostly retail investors in most cases.

o48o

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Quote from: ?? on ??

cz is a fucking liar .
only spreading FUD and fake news .
SEC will sue binance soon .

That doesn't make any sense and i can't imagine that i would get a sensible answer to this but as you are throwing accusations i must ask:

When no one can even figure out what he was saying, then what was he lying about?
He haven't even hinted about any insolvency, that rumour came from somewhere else, and looks like it has no basis.

Was he lying about slowly getting rid of their own FTT bag? Now why would he lie about that then?

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Quote from: 5W-KILO on November 07, 2022, 02:20:13 AM

Do you have to know? CZ wants the best for crypto space, if he noticed something wrong then something is definitely wrong, he is not someone anyone should doubt because Luna crash must have affected the exchange as well, if this is going to avoid another Luna crash part two then CZ is doing the right thing.

CZ wants to save the market from crashing with the announcement of selling such a large amount of FTT tokens, are you really thinking? I think CZ has a conflict with Sam about something, which is why CZ wants to not be involved in this project in any way. And tried to out the competitor by creating this FUD. So I think business and personal matters are very closely intertwined here.

o48o

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Quote from: OgNasty on November 07, 2022, 02:01:44 PM

There are several threads going about this right now but I think nobody is quite sure what exactly happened between Sam and CZ that seems to have turned them against each other. My take on the situation is that where there’s smoke there is fire. Regardless if FTX will be fine or not, so long as these destructive rumors are out there (about insolvency) I wouldn’t want to be a holder of FTT or have funds parked in FTX.

Yup, one thing that has become obvious to me is that i can't just wait, see and hodl while something like this is going on. I've learned that it's better to act sooner then later during FUD, no matter if there's truth behind the fear, because others will. My support to FTT is that i won't be shorting it and making money. I just sold it and that's enough for me.

But now it seems that people are getting their money out. That would mean FTX is not insolvent and everything is probably going to be ok. Well there's still going to be sell pressure from CZ so FTT price might not be as good, but i was more worried about the whole exchange

hugeblack

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FTX must do everything to ensure the continuity of liquidity, otherwise any event may lose confidence, which means that more liquidity will be withdrawn from the market.
Personally, I believe that the problem will not be as harmful as Luna, but all things are possible if the financial position of that platform is very bad.

Let's not forget that the crypto winter continues.

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There are several threads going about this right now but I think nobody is quite sure what exactly happened between Sam and CZ that seems to have turned them against each other. My take on the situation is that where there’s smoke there is fire. Regardless if FTX will be fine or not, so long as these destructive rumors are out there (about insolvency) I wouldn’t want to be a holder of FTT or have funds parked in FTX.

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Quote from: abel1337 on November 07, 2022, 11:09:16 AM

I'm pretty sure that there was a back story behind this. I'm speculating that that there might be a failed deal or it's just CZ is avoiding a project catastrophe just like what happened to Luna. There's also a possibility that CZ just want to get rid of his competitor. I see that price value FTX didn't suffer that much from the announcement of CZ but surely the trust of people who believes on CZ or the people who invest on FTX because of CZ will lose their trust to FTX. There so much details we don't know yet but for know I will personally move out from FTX.

Right, CZ didn't agree with SBF that proposes a sanction for the defi while i have no idea why SBF was doing it just like so many portfolios owned by alameda research under FTX mostly came from the defi and blockchain protocol. Sanctioning defi meant the blockchain will be affected as well.

I see no competition between both but SBF is starting to be involved in US politics. He was donating so much money to democrats and republicans.

https://cryptoslate.com/sbf-reveals-he-donated-to-republicans-democrats-as-lobbying-by-crypto-firms-continues-ahead-of-the-midterms/

I would like to see SBF still remain neutral rather than doing a bad thing like joining in the politician's ecosystem.

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I'm pretty sure that there was a back story behind this. I'm speculating that that there might be a failed deal or it's just CZ is avoiding a project catastrophe just like what happened to Luna. There's also a possibility that CZ just want to get rid of his competitor. I see that price value FTX didn't suffer that much from the announcement of CZ but surely the trust of people who believes on CZ or the people who invest on FTX because of CZ will lose their trust to FTX. There so much details we don't know yet but for know I will personally move out from FTX.

o48o

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Quote from: 5W-KILO on November 07, 2022, 02:20:13 AM

-cut- CZ wants the best for crypto space -cut-

Quote from: ?? on ??

I also support CZ in this situation, he always wants the best for the market and maybe he disagrees with what FTX and alameda have done in the past. Alameda is notorious for playing dirty with projects, devaluing the projects then trying to buy them back cheaply and this time paying for their manipulation.

I can't really take sides on this as i don't know what's happened behind the curtains for CZ to do this.
He must have known it would wreak havoc inside FTX community if he said anything about the exit, so one could only speculate why he chose to be "transparent" and and the same time hinting wrongdoing from FTX crew. That doesn't sound something that's bringing people together. In fact it divides people to camps.

So either it was for revenge fud or he noticed something shady happening inside FTX. In both cases he wouldn't be wanting what's best for crypto space.
If he wanted what's best for crypto space he would be silent on this or if he got problematic data about FTX, that means he knows something but wants to secure his millions before revealing the reason. Which is understandable.

But now someone (Probably Sam) is rugging BTC as response, things are not looking good

Baofeng

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CZ is probably washing his hands if ever FTT or FTX failed (or has it, as the price goes down hard).

So it's him doing some damage control, but it seems his tweets has some negative effects that has really contributed to the demise of the project.

Maybe he just wanted to warn the public, for sure though, this kind of tweet of CZ has somewhat put the damp on the whole crypto, bitcoin goes below $21k already.

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Quote from: decodx on November 06, 2022, 06:34:53 PM

"But we won't support people who lobby against other industry players behind their backs."

Who knows what he means by this? Maybe someone can shed some light on this for me.

Do you have to know? CZ wants the best for crypto space, if he noticed something wrong then something is definitely wrong, he is not someone anyone should doubt because Luna crash must have affected the exchange as well, if this is going to avoid another Luna crash part two then CZ is doing the right thing.

o48o

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Quote from: Jaered on November 07, 2022, 01:40:03 AM

This exact stuff is the reason centralization is bad. CZ just wants to flex his muscles because FTX is emerging as a big contender and competitor in the big crypto cake. However, this is also why monopoly is bad. I think FTX would bounce back and come out and bite CZ in the ass. Friedman would make FTX bigger than Binance, Mark my words

I sure hope so but i wouldn't bet on that. I got my money out but things are getting heated as everyone started to withdraw their money:

One could make money of the ftt dip if this panic escalates, and i suppose many people are doing that and have shorted FTT.
Personally i am too afraid to gamble with that but i will definitely buy it if it drops enough. Things can't be that bad behind the curtain.
I am pretty sure this is fud and panic withdrawals are creating a chaos.

A Reddit thread about this
And another one

Oh boy here we go. Totally missed out this: https://twitter.com/SBF_ucker/status/1589358295395237888

Jaered

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This exact stuff is the reason centralization is bad. CZ just wants to flex his muscles because FTX is emerging as a big contender and competitor in the big crypto cake. However, this is also why monopoly is bad. I think FTX would bounce back and come out and bite CZ in the ass. Friedman would make FTX bigger than Binance, Mark my words

blockman

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We'll see if FTX will mitigate this dump that CZ is planning to do. It's said that there's not that much volume to cover the dumping of the tokens he has received and that's why it will take time until we see the huge impact of it.
It's obvious that there's a competitive reason why CZ is about to do this, he has to make known of those competitors in the market and he have to do what it takes for his business to stand out, Binance and its native coin, BNB.

o48o

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Quote from: decodx on November 06, 2022, 06:34:53 PM

"But we won't support people who lobby against other industry players behind their backs."

Who knows what he means by this? Maybe someone can shed some light on this for me.

Yeah, it has passive-aggressive tone. My guess is that something happened behind the curtain and now they want nothing to do with them. Cleaning the house fits in it.

I seriously hope this is just about FTX fudding Binance behind their back, because other reasons like problems inside FTX are way more troubling.

decodx

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"But we won't support people who lobby against other industry players behind their backs."

Who knows what he means by this? Maybe someone can shed some light on this for me.

o48o

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I am sensing that something is up, CZ just told everyone that they will be dumping their FTT tokens

It might be nothing and totally normal but i find the wording a little concerning. "Risk management" and "learning from luna". At least they are transparent of it, probably required by lawyers to be transparent but still i find this unusual.

I have been in crypto scene for a long time and i really do get paranoid every time something unusual happens that involves some CEX. I do trust FTX and use it a lot but something tells me that i shouldn't keep money in there right now. At least for a while. This is not fud at all, i am just concerned user and would like to see FTT rise and FTX blossom.

So how do you see this affecting the ftt price?

Topic: CZ dumping FTT (Read 470 times)