BRF #59 Sam Vs CZ

Things seem to be heating up in what looks to be an all out war between CZ of Binance and Sam from FTX. You should know my thoughts on Sam by now but if you missed all those emails, in short he is a fraud and another puppet put in place to guide crypto towards more regulation. Everything about how he came onto the scene and climbed to the top smells of outside help/staging.

I don’t think highly of CZ either though, he gives me that vibe like he would roll on you in a heart beat with enough heat on him.

Anyway, onto the comedy…

CZ 🔶 Binance @cz_binance

Liquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won't pretend to make love after divorce. We are not against anyone. But we won't support people who lobby against other industry players behind their backs. Onwards.

Stablecoin reserves at FTX

Ki Young Ju @ki_young_ju

FTX's stablecoin reserve just reached a year-low. $51M as of now. -93% over the last two weeks. cryptoquant.com/asset/stableco…

And now some opinions…

Autism Capital 🧩 @AutismCapital

This is as obvious as it gets. CZ is pissed that Sam tried to consolidate power via his policy behind CZ’s back and is now trying to punish him and signal a lack of confidence in Sam/FTX by dumping all their FTT and equating Sam to LUNA/Kwon. CZ revealed his hand with this tweet

CZ 🔶 Binance @cz_binance

Liquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won't pretend to make love after divorce. We are not against anyone. But we won't support people who lobby against other industry players behind their backs. Onwards.

Lastly this…

I personally think they both suck but that is what happens when you allow middle men into the game, this looks like Israel vs China to me at this point.

If FTX were to fall, which I don’t think they will, can’t deny it would be horrible for all of crypto because that is part of the value of bitcoin now apparently is centralized exchanges so the reaction would be brutal I bet.

That’s it, bye!

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