Tuesday, 7 September 2021

Anyone else concerned about the growing crypto cartels that are forming in this industry?

Changpeng Zhao:

  1. Owns Binance exchange (largest crypto exchange)
  2. Owns Binance Smart Chain (second largest smart contract platform)
  3. Owns CoinMarketCap (popular data aggregator website)
  4. Owns the stablecoin BUSD (third largest stablecoin)
  5. Owns Binance Ventures (a fund that invests in early seed rounds in hundreds of projects to presumably dump them after they get listed)

Sam Bankman Fried:

  1. Owns FTX exchange
  2. Owns Alameda Research (high frequency trading crypto hedgefund that profits by countertrading users of FTX)
  3. Owns FTX Chain
  4. Owns Sushiswap (a decentralized exchange)
  5. Owns has large control over Solana and owns most of the supply
  6. Owns Blockfolio
  7. Owns Project Serum (a decentralized exchange)
  8. Owns Alameda Research Ventures (a fund that invests in early seed rounds in hundreds of projects to presumably dump them after they get listed)

Barry Silbert:

  1. Owns Genesis (OTC market)
  2. Owns Grayscale (largest Bitcoin and Ethereum funds on the stock market)
  3. Owns Coindesk (largest crypto news website)
  4. Owns Luno exchange
  5. Owns Digital Currency Group Ventures (a fund that invests in early seed rounds in hundreds of projects to presumably dump them after they get listed)

I'm sure I left a lot of things out, but you get the point.

submitted by /u/ShotBot
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