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Rivalry, Signaling, and Collapse in Crypto Markets: Reassessing the “Binance vs. FTX” Narrative Through Field Theory, World-Systems, and Institutional Isomorphism
Author: L. Marek Affiliation: Independent Researcher Abstract The collapse of FTX in November 2022 became a defining crisis for the global cryptocurrency industry and triggered a persistent public narrative: that Binance first invested in FTX and later “destroyed it” through strategic pressure—sometimes framed in popular discourse as a deliberate “Art of War” campaign by Changpeng Zhao (CZ) against Sam Bankman-Fried (SBF). This article evaluates that claim critically and ac
18 hours ago
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