I am sure he has ulterior motives, obviously. He is being a rational actor and pointing out serious issues with competitors. But how the actual fuck can people cry for CZ to be cancelled when he is pointing out legitimate and real issues? He isn’t creating false rumors or hearsay.
FTX really was fraudulent, and they deserved to be exposed. And Crypto dot com really sent 80% of their ETH cold reserves (NOT THEIR MONEY mind you, their investor’s money) to the wrong fucking address.
How the shit does that happen at a major exchange!? That is a serious sign of a clown show, and it raises serious questions about the reliability of them going forward. I triple check the address and number of zeroes on a shitcoin transaction worth a few hundred dollars. I do it every time, because mistakes in this space are irreversible. How are there not stringent controls when sending amounts of capital that large!? If Bank of America accidentally shipped a large portion of their assets in cash to a bank in another country before realizing their mistake, and having to ask for it back – wouldn’t they be called untrustworthy and suffer the consequences?
Some of the topics I’m seeing on the front page look concerning and full of shill flavor themselves. CZ may have had his motives, but you can’t expose fraud and misbehavior where none exists. And centralized exchanges need to start holding themselves to higher professional standards if we are to trust them again – I hope more fraud and misbehavior is exposed going forward and idiots don’t somehow propagate the narrative that we should ignore it.
submitted by /u/katiecharm
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