Yes you read the title right, I have written the truth, the whole truth, nothing but truth.
From the starting point, BINANCE CEO CZ and FTX CEO SBF are not playing well, or perhaps playing tricks behind their work and words. Both CZ and SBF were playing tricks behind each other, and in the end only the best could win.
FTT Liquidation Resulted in Blunder
The value of FTT has declined sharply after CZ liquidated more than 500 million FTT from the treasury of Binance. FTT is the native token of FTX, the closest competitor to Binance. This has affected the FTT price in the Crypto market.
Hunter Become Hunted
FTX's own platform hasn't been harmed by the liquidity in Binance, but it is suffering from this new fall in FTT's market cap during the bear period. FTX depends on the value of FTT, and the drop in value has increased the risk Moreover CZ has also declined FTT purchase offer by SBF's another firm Alameda Research.
Bitboy Not Missing Opportunity
Youtuber Bitboy (Ben Armstrong) was also speaking against FTX for quite some time, to which SBF did not react. Bitboy was arguing well that people should either withdraw or suffer, and now withdrawal problems have started in FTX.
Keep US Agencies Out
US Agencies couldn't stop themselves from interfering, so one have to be cautious.
According to SBF, the US Branches are not involved, simple thing is that, none of them wants US agencies to get involved.
