“Who needs Netflix when you are in crypto?”, commented a user on Twitter as the crypto industry attempts to digest the acquisition of cryptocurrency exchange FTX by its rival Binance. The deal, disclosed on Nov 8., has been compared with a “chess move” by some, insinuating that Binance’s strategy intentionally led to the deal.
Users on Twitter claimed that “CZ just executed the most gangster play we’ve seen in Crypto, ever, period,” referencing the series of tweets from Binance CEO Changpeng Zhao that triggered the acquistion.
CZ just executed the most gangster play we’ve seen in Crypto, ever, period. The BALLS on this man. Truly — bravo.
Also bravo to Sam to choose the correct option that protects customer assets, swallow his pride, and not burn everything down in an unnecessary fight.
WHAT A SHOW!
— Autism Capital (@AutismCapital) November 8, 2022
The community also compared the move with Elon’s Musk Twitter acquisition:
@SBF_FTX
Another slow poison implemented by @cz_binance like @elonmusk used against Twitter to acquire it.
Monopoly
And we hate it.#FTX is the best exchange.— CSTart.hft (@cosmoaker) November 8, 2022
In a brief recap, in a Nov. 6 tweet, Zhao announced the decision to liquidate Binance’s position on FTX token (FTT) was made after “recent revelations that have came to light,” citing “post-exit risk management”…
