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A comment on Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover. Parent comment

Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T... by firekvz on Wednesday November 09, 2022 @11:05AM (#33533571)
PR

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

[ Parent | on HN ]
Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T... by ddorian43 on Wednesday November 09, 2022 @11:33AM (#33534015)
Pretty expensive PR. Just run some superbowl ads and name some stadiums.
[ Parent | on HN ]
Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T... by chucksmash on Wednesday November 09, 2022 @11:38AM (#33534072)
Note parent said "look like they care." It's only expensive if they go through with the purchase.

So far it has cost them a couple of tweets.

[ Parent | on HN ]
Re:Binance Is Strongly Leaning Toward Scrapping FTX Rescue T... by firekvz on Wednesday November 09, 2022 @11:53AM (#33534329)
Is not expensive, it was actually really cheap, the tokens Binance has are from ICO stages, OTC deals, trades for other tokens, etc.

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

[ Parent | on HN ]