For the skeptical me, this paywalled article appears for me that American media has begun to publish the first stage of their after FTX fud campaign against CZ and Binance hehehe. The next stage might be during the trial of Sam later this year where some witnesses will be put on the stand to speak about what CZ did on FTT without giving the whole information on why CZ liquidated their position on FTT.
There's been a lot of attack on Binance since FTX downfall so I definitely see this scenario plausible. Either way, anyone who still has money on any exchange after everything that has happened is playing a dangerous game.
Since Bloomberg article is paywalled,
here is the archived version.
I think binance is a serious exchange and they won't go down easily. FTX was a clown since the beginning. I've never ever created an account at FTX and the moment I heard people talking about FTX, I was like wtf "where did this thing come from?"
Just because you never used FTX doesn't mean that others didn't. FTX was being mentioned quite often here on bitcointalk, people liked "no withdrawal fees and no KYC approach" and it was even dubbed as a "new Binance". After all, if many people didn't use FTX, it wouldn't have such an impact on the market.
Regarding this "where did they come from", Binance also kinda came out of nowhere back in mid 2017 and just 6 months later they were already the exchange with the biggest volume so when FTX showed up, their growth was nothing that we haven't seen seen before.
Binance on the other hand has real users. Real trades happen there. So it is not one of those wash trading exchanges.
All exchanges do that to some degree. Some more, some less, but I don't believe reported numbers one bit even if it comes from Binance or Coinbase.
