On Nov. 6, 2022, CZ announced Binance would dump its FTT holdings citing "recent revelations."
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The author draws a parallel between the 2022 collapse of FTX and FTT following comments by CZ and recent critical remarks made by CZ regarding Hyperliquid. CZ expressed concerns that Hyperliquid lacks KYC, makes false decentralization claims, and takes excessive risks. The sentiment suggests potential platform risk for Hyperliquid based on these historical comparisons.
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By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.