Last week we talked about how Binance’s heavy-handed punch played a key role in Sam Bankman-Fried going from crypto hero to crypto villain.
In the virtual currency world, Binance’s behavior is somewhat unusual. Those in the crypto world are bound together for good or for ill.
The collapse of any one cryptocurrency company can trigger suspicion among users of the entire cryptocurrency industry. And that skepticism may never go away. So when other cryptocurrency companies have been in trouble before, cryptocurrency companies with sufficient financial resources have stepped in to save the day. They want to maintain the trend, that the industry as a whole, has been going up.
Sam Bankman-Fried came to the rescue of a number of cryptocurrency companies, earlier this year.It is clear that there is a feud between Binance and FTX. So, let’s talk about the story between Binance and FTX.