Source
The story between CZ, founder of Binance and SBF, founder of FTX, in a nutshell: the race to enter the US market after the election. CZ has been around for three years working on government licenses. Every day he is in a country that makes agreements and collects licenses.
But several important countries so far have not given CZ any chance, including America
At the same time, SBF is almost completely focused on America, and so far it has spent $50 million to support some politicians in elections. The strength of SBF among members of the US Congress means that CZ is in a weak position over the next three to four years.
Now CZ is trying to put FTX in an awkward position by motivating a run on the bank withdraws campaign, but despite the huge withdraws volume on FTX, the platform so far has been able to meet all of them.
