At this point, it is very clear that they have not been “good” and it is in fact the exact opposite. It is very likely that billions of dollars of user deposits are now zeroed and the equity investments of all their investors in FTX are likely worth zero as well, and it isn’t because of a mistake but because of wildly irresponsible and most likely fraudulent and criminal actions on behalf of FTX, Alameda, and Sam. They are being investigated by both the SEC , the CFTC and the DOJ; Binance is walking away from any sort of takeover. My heart goes out to the users and the teams of these companies but this is egregious and one of the worst events to transpire within crypto ever.
At this point, it is very clear that they have not been “good” and it is in fact the exact opposite. It is very likely that billions of dollars of user deposits are now zeroed and the equity investments of all their investors in FTX are likely worth zero as well, and it isn’t because of a mistake but because of wildly irresponsible and most likely fraudulent and criminal actions on behalf of FTX, Alameda, and Sam. They are being investigated by both the SEC , the CFTC and the DOJ; Binance is walking away from any sort of takeover. My heart goes out to the users and the teams of these companies but this is egregious and one of the worst events to transpire within crypto ever.