In the US midterm election, CEO Elon Musk of Tesla, the largest electric vehicle, took over tweets and declared a 'republican vote'. did.
Reporting the conflict and collapse between the two top exchanges, Binance and FTX, the New York Times reported, “Bahamas-based FTX is run by 30-year-old American billionaire and major Democratic donor Sam Bankman Pride and is worth $32 billion. It had value, but 94% did not know it.”
Regarding Elon Musk, the New York Times said, "On Election Day, he and his politics took center stage on Twitter. The richest man in the world started by tweeting on a platform on the 8th that he should vote for the Republican party in the midterm elections to 115 million followers on the 8th. Several tweets followed when he urged him to vote for the Republican Party because "shared power suppresses the worst excesses of both parties," and his remarks were immediately acclaimed by the right and criticized by the left."
Mask said in a May tweet earlier that Musk had previously voted for Democrats “because Democrats were a kind party,” but since then he has said, “They have become a party of division and hate, so I can no longer support them and will not vote for Republicans. Musk also believed that the Democrats were controlled by the 'extreme left' and posted on Twitter that he had clashed with progressive lawmakers such as New York's Rep. Alexandria Ocasio-Cortez.
About former Twitter CEO Jack Dorsey and former Meta (formerly Facebook) CEO Mark Zuckerberg, the NYT reported that "previously, donating millions of dollars to a candidate preference debate or political initiative and supporting the Republican Party in one of their Twitter feeds. I didn't force people to vote in a particular way like Musk pinned to the top," he said.
On the 4th, just before the election, Tesla CEO Elon Musk took over and fired 3,700 of its 7,500 employees.
According to the New York Times, "Twitter has strengthened post management in recent years, doubling the number from 3,300 at the end of 2017, but according to reports on this layoff, most of the departments responsible for managing posts were included," the New York Times reported.
Regarding the collapse of the cryptocurrency exchange, the NYT said, “After the report (intentional leak), CRO Zhao of Binance decided to sell his entire stake in FTT (FTX Token) tokens worth about $500 million in ‘recent revelations’ about competing exchange FTX. “Fearful investors withdrew more than $6 billion from the FTX exchange in three days,” he said.
As the CEO of exchange FTX, Benjamin Pride failed to reassure investors, the panic continued, and after failing to even arrange bailouts from individual investors, on the 8th, he announced the sale of his FTX to rivals Binance and CEO Zhao.On the 9th, it was announced that “the problem with FTX is beyond our control or our ability to help,” and 'transaction suspension' came out.
Regarding Binance and FTX, the two largest cryptocurrency exchanges, the NYT said, “The bigger Binance is run by Chinese-born billionaire Changpeng Zhao, known in the cryptocurrency circle as CZ, and has no official headquarters due to its rather vague operations. Although it is intertwined with the authorities and regulators of many countries, it has been very successful, controlling about half of the cryptocurrency exchange market.”
Based in the Bahamas, FTX is run by 30-year-old American billionaire and major Democratic donor Sam Bankman-Fried, featuring Super Bowl advertisements, naming rights to sporting venues, and celebrities including Bill Clinton and Tom Brady. It is better known than Binance in the United States for spending millions of dollars on fancy conferences.
FTX has been regarded as one of the “blue chip” companies in cryptocurrency, is considered a capital-rich business, is active in bailing out other cryptocurrency companies, does not engage in speculative trading by investors, does not gamble with customer funds, and grows has a reputation for doing so.
CEO Bankman-Fried, known as SBF, has enjoyed fame as a 'poster boy' throughout the crypto industry thanks to the success of FTX.
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