Except FTX wasn't insolvent before Binance dumped FTT. That's why I asked was there any evidence that FTX was already insolvent or in trouble before the dumping? Unless there was, it's Binance's dumping of FTX's proprietary crypto that precipitated the downfall and created its insolvency. FTT is different from LUNA which was a widely traded crypto and was failing due to a reason that was beyond the control of or could be caused by Binance so if Binance wanted to control its exposure to LUNA due to LUNA's potential risk, that's understandable. But like I said before, FTT is different, one, it didn't have an active market; FTX and Binance were the only two holders of that crypto, so Binance knew it has direct control over the fate of the coin and FTX which held the majority of the holding according to that coindesk article. Second, Binance was not aware of any potential risk to FTT or any risk of FTX's insolvency before that coindesk article. If it had, why didn't it start selling before the publication of that coindesk article? Was it any coincidence that it started dumping FTT immediately after the publication of that article? I thought not. So there was no any "post-exit" risk, only risk that Binance's pre-emptive "exit" created by itself.
Nice try by Binance in trying to spin this one. No he is not getting out of this and shouldn't. Like I said, what Binance did is in violation of numerous security laws and security regulatory bodies should look into what Binance did more closely.
