0x Protocol

$BNB Pay attention to this news that I just came across and that leaves us with a very deep reflection on transparency. It turns out that CZ, the founder of Binance, has just published his memoir titled "Freedom of Money" and in it, he recounts what he really experienced when the FTX disaster occurred in 2022. FTX was one of the largest exchanges (platforms for buying and selling cryptocurrencies) in the world, almost as big as Binance. Its owner was a young man named Sam Bankman-Fried (known as SBF), who appeared in all the magazines and was seen as a "genius" of finance. However, in November 2022, everything collapsed in just a few days. He recounts that the owner of FTX called him to ask for billions of dollars with incredible calm, saying it was "as if he were asking for a bologna sandwich," not caring about the risk. CZ explains that he never had a real intention to buy that company, that he only reviewed the numbers to see if he could help the industry, but upon seeing the chaos, he withdrew immediately. But what should make us think the most is that, after that chaos, Binance suffered a massive withdrawal where users withdrew 7 billion dollars in a single day. CZ recounts that that night he was peacefully dining with his friends, with total peace of mind, because he knew that at Binance the users' funds are there, backed peso for peso. Within a month, all the money had already returned because people understood who was doing things right. This story teaches us that in life and in business, honesty is what allows you to sleep peacefully when the storm arrives. I share this because we are here to learn and help, and to understand that trust is earned through actions, not words. What do you think of this lesson from CZ about maintaining calm and transparency? Are you going to buy the book? I would like to read it. I believe there is no version in Spanish 🥹 #CZReleasedMemeoir