🍿 CZ released the book "Freedom of Money", interesting points:

🔵 Why the FTX exchange collapsed so quickly. Caroline Ellison publicly stated that she was ready to buy back the FTT token at $22 - this was a mistake, as the market perceived this price as a ceiling and began to actively short. As a result, the token crashed.

🔵 Missed opportunity with Ethereum. CZ met Vitalik back in 2013 and knew about Ethereum from the very beginning, but he did not invest because he doubted that the idea was feasible at all.

🔵 The story with the head of the SEC. In 2019, CZ met Gary Gensler and even offered him to become an advisor to Binance - he refused, saying he wanted to head the SEC. A few years later, it was under him that the regulator filed a lawsuit against Binance.

🔵 Why they didn’t sell LUNA at its peak. Binance invested $3 million in LUNA back in 2018, by the time of the crash the position had grown to $1.6 billion, but Changpeng Zhao refused to sell: he didn’t want to intensify panic in the market. As a result, the asset was practically wiped out.