Binance and FTX: How All Developed and Was It a Well-Crafted Plan of CZ?

FTX was facing major issues after CoinDesk had published an article with information on Alameda’s balance sheet and Binance CEO announced that the company would sell off all their FTT holdings. Users, including whales, started withdrawing liquidity from FTX. But when everything seemed lost, Binance stepped in to save its major competitor.