Crypto Analyst Claims FTX’s ‘Propaganda Arms’ Caused Binance FUD

Discussing the drama revolving around the crypto sector, crypto analyst Ben Armstrong, aka Bitboy Crypto, took to Twitter to give his two cents on the latest FUD rising on the largest crypto exchange, Binance.

Shedding some light on the FUD, Armstrong explained that Binance has been attacked by rumors, innuendos, and criticism, even though there was not one shred of actual evidence of insolvency or criminality. Elucidating the matter, the crypto analyst ascribed the FUD around Binance to two groups.

Armstrong described the first group as the “people who hate Binance & exchanges in general.” The crypto analyst also included Bitcoin maximalists and the CEO of Swan.com, Cory Klippsten in the first group. Although, Armstrong mentioned that some are not “maximalists,” but individuals who detest third-party exchanges and provide genuine criticism.

Focusing on the second group, Bitboy Crypto claimed that the Binance FUD was caused by the “propaganda arms” of FTX and Alameda. As proof, the crypto analyst gave an example of fake news dissemination by The Block and its CEO.

Moreover, Armstrong expounded his views on the second group, claiming to rile up the first group and promote the FUD across the crypto space. The crypto analyst also claimed that Alameda group is condemning the CEO of Binance, Changpeng Zhao as a bad guy and blaming Binance for FTX’s crash.

The crypto analyst criticized that even though Binance “may” be a scam, FTX should not be absolved for their wrongdoings. Bitboy Crypto stated that the idea that people are blaming Binance for FTX is absolutely laughable. Armstrong then called Sam Bankman-Fried a “criminal.”

Ending the Twitter thread, Armstrong mentioned that anyone who blames Binance should be considered as paid propaganda from Alameda.