In a wild play CZ of Binance just took out one of the largest players in the industry. Sam Bugman-Freedman has officially taken the L and bent the knee in our latest episode Shekel Shifters.
It all started Sunday when CZ posted a tweet saying he will be dumping his FTT bags on Sam and his clan.
Last night the FTT stonks got smashed and people started withdrawing their funds from FTX. CZ just ignited the largest bank run we have seen in the zoomer generation.
And it worked - As of today. FTX is now Binance. Sam Bugman bent the knee and cucked. Check mate.