this post was submitted on 23 Nov 2023
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Technology
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Man I feel like he's getting off light honestly and I saw there are more charges from the SEC but how is he the only one facing time?
I love how just a year ago, he was the one to call out FTX.
People in glass houses shouldn't throw stones and all that...
The whole industry seems like a criminal plot at this point.
Binance has no problem with its clients. FTX literally invested the money of the people in high risk assets, and they ended up bankrupted.
In the day of the Binance's trial, people withdraw more than billion of dollars worth Cryptos. Binance didn't end up bankrupt as they are holding A LOT.
We only know ftx was stealing due to a run on the exchange. Binance could also easily be in the same boat, we just don't know, as they have not been tested for there liquidity. Also it turns out ftx pretty much had the money, but it just was not liquid.
Βinance has shared publicly many of its wallets in many Blockchains.