Yes, CZ exposed a scam that robbed billions from users, but we should not forget that he likely did not do it for us but to create his own monopoly with Binance.

As well know this whole FTX-drama has been a highly-debated topic even now after nearly a month and one part of that discussion has been the Binance CEO CZ himself, the person who exposed this scam in the first place. Surely the scam would have been exposed one day anyway as there was no way for FTX to hide their near-insolvency state forever. But CZ did indeed do something good for the whole industry by exposing it.

But we should not be too quick to label CZ as an undisputed good figure in crypto but instead we should as why he chose to expose FTX in the first place.

Here you should just remember that nearly no CEO will ever actually care about his customers but his business in the first place, thats the whole point of why that person is a CEO in the first place. Also here it is no different, it is very likely that CZ does not really care about the customers in the first place but just about his business and exposing FTX was just another way for him to gain more monopoly for himself in the crypto sector.

That would also explain why he put up this whole campaign with proof of reserves directly afterwards and why exactly he was a person to not reveal his liabilities with it. Also we have seen him putting out FUD on CDC and Coinbase for no reason and essentially spreading fake news about them, all things point towards CZ deliberately trying to expand the dominance of Binance even further as the “only“ trustable exchange.