Numerous experts from cryptocurrency industry expressed their frustration over most recent episode of 60 minutes
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Ripple's lawyer, John Deaton, was quick to challenge this narrative. In a tweet, Deaton criticized the"expert" for essentially blaming Binance for the FTX crash. He questioned the intelligence of anyone who would suggest that casting aspersions on the business led to a run on customer deposits, thereby causing FTX's financial troubles.Binance founder Changpeng Zhao also weighed in on the controversy.
The crypto community is no stranger to controversies, and the FTX crash is a stark reminder of the risks involved in the industry that are even applicable to the biggest and most notable platforms on the market. However, blaming a single entity for the downfall of another is not only unfair but also misleading. It is crucial to examine the situation from multiple angles to understand what really happened.
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