When you are the biggest shop at the fair you wanna keep the festival going as well.
This reminds me of 2008, when companies were trying to get "rescued", such as Lehman, but Lehman couldn't make a compelling argument why they were worth acquiring, once the accounting books were opened.
They are the biggest exchange now, they gotta look like they care and tried to help so they can attract all the ones who need a new home
You still dont get crypto dinamics, is not about the tech, is about how much money you can extract from people trusting you
So far it has cost them a couple of tweets.
Binance or CZ paid never paid face cash value for any those tokens, simple as that.
And most important, he hasn't purchase FTX. So it was just tweets and have your PR team contact major crypto news sites
Worded like that you make it sound like that's a lie.
CZ didn't declare them insolvent. He just made the fact public.
Binance was the little boy.
”The survival is not a zero sum games. For banks to survive it is beneficial to other banks to survive as well.”