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A comment on Crypto dominoes fall in the wake of FTX's collapse. Parent comment

Re:Crypto dominoes fall in the wake of FTX's collapse by crazymoka on Thursday November 17, 2022 @10:35AM (#33640367)
They will use this to capture all crypto and regulate it. Problem, Reaction, Solution. I think FTX was only caught because Binance exposed them too early before SBF could bring regulation to the exchange and insulate himself. Him, his family and GF all have ties to people that could have made this happen.

Now no matter what the end game is regulation, either by someone like SBF to make it happen or knowing full well it was going to blow up. With regulation they can protect the fox in the hen house like they do with the stock market and keep all the control.

If you don't think so, read in depth what Bernie Madoff did and how connected he was. The best part is, stock market still allows PFOF which he invented to help with his Ponzi scheme.

Just my take on it all...

[ Parent | on HN ]
Re:Crypto dominoes fall in the wake of FTX's collapse by radicalbyte on Thursday November 17, 2022 @11:35AM (#33641378)
I don't think that it'll be that long until Binance suffer the same fate. Probably about 6 months.
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Re:Crypto dominoes fall in the wake of FTX's collapse by majormajor on Thursday November 17, 2022 @01:50PM (#33643687)
> before SBF could bring regulation to the exchange and insulate himself.

If that was his endgame he would've had better record keeping and books. Regulation and paperwork go hand in hand, he was not set up for existing in a regulatory environment.

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