Breaking: Krypto | Finance times

It is over, the "ES" is the FTX exchange from Sam Bankman-Fried. A statement has ended up by his nemesis, which became a savior who became a nemesis:

Binance statement for the possible takeover of FTX

As a result of the company's due diligence and the latest news about misused customer funds and presumed investigations by the US authority, we have decided that we will not continue the potential takeover of FTX.com.

In the beginning, our hope was to be able to support the FTX customers in providing liquidity, but the problems are outside of our control or our ability.

Every time an important player fails in an industry, the retail customers will suffer. In recent years we have seen that the crypto ecosystem becomes more resistant, and we believe that outliers who abuse user funds are eradicated by the free market over time.

With the development of regulatory framework and the further development of the industry towards a stronger decentralization, the ecosystem will become stronger.

Background information on history here, here, here, here and here, but also here. In response to this, Bitcoin fell by 20 percent in a 24-hour view of pixels, with Ethereum falling by 23 percent and native FTX and Bony tokens by 50 percent and 16 percent.

A strategy of the burned earth of Changpeng "CZ" Zhao or just an uncontrolled crypto accident? However, please remember that the ultimate victim is effective altruism here.