Benson Sun
Benson Sun|Oct 17, 2025 01:51
Talking about media fairness Why are there still people leaning north? FTX, I wasn't so clear headed at the time, but now I'm clear headed like this If you didn't promote the exchange yourself, just go to hell. If you promote the exchange yourself, you don't have the brain to support it to the end. It's really garbage Let's not turn on the rearview mirror for now and go back a week before FTX went bankrupt to see what happened: At that time, a screenshot of Alameda's balance sheet, whose authenticity was unknown, suddenly circulated on the internet. Then the Chinese and English media extensively promoted Alameda's financial situation and demanded an explanation from SBF. Ultimately, Alameda is not a publicly traded company and therefore has no obligation to disclose information. Everyone knows the ending later - CZ fired a shot, and FTX quickly collapsed a few days later At that moment, I suddenly realized that the media's efforts at that time were all to pave the way for the subsequent script. If someone obtains Wintermute or GSR's balance sheet and submits it to the media, they will probably be rejected as a crazy dog Time back to recent The hottest topic of discussion in the entire cryptocurrency circle two days ago was the modification of the ATOM K-line by Binance. The discussion in both Chinese and English circles was extremely hot Slide around X, LINE, Thread and they will all be changed to K-line by Binance In theory, with such a high level of popularity, the media should rush to report on it as soon as possible What was the result? I won't name the Chinese media, The Block, Coindesk, Cointelegraph. You should search for words related to ATOM and Binance now There's no ghost at all Then what are the Binance Mutual Assistance Plan, Binance Investment Cooperation Case, Binance SoftBank Investment Case, CZ Fans Call for Orders Report one more immediately than the other An unverified screenshot detonates the entire network An objective fact, a truly hot topic of discussion across the entire internet, collectively silenced Is this fair? I don't deny that the media needs to rely on the exchange to make a living, but can their appearance be better? Is it really that difficult to provide a balanced report? At that time, the situation information of FTX was very limited, so we could only subjectively choose the side station Where can we compare with Binance this time? Except for ATOM modifying the K-line, the following are objective facts 1. Offshore exchange USDT trading pair vs fiat exchange USD trading pair experiences the largest deviation in history 2. Binance uses API ratelimit technique to severely underreport explosive data 3. Binance 1011 had multiple trading pairs on the same day, and the lowest price was much lower than that of its peers on offshore exchanges If these things had happened in FTX, I will feel very disappointed, perhaps I will remain silent on social media, But privately, I will immediately and without hesitation end the collaboration. Every major warehouse explosion in history, There will be a lot of analysis and review in the market, Because everyone loves to read the media and always enjoys reporting on such topics. But this time, it's very different. The content I have seen from the media is very one-sided. As far as my personal perception is concerned, This may be the most indifferent media response to the stock explosion incident. Those analyses that truly have depth and data, Instead, they all come from individual researchers and independent observers on Twitter, Why is this happening? Is this really 'no news to report' or 'inconvenient to report'?
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