Binance created an example for itself: sucking up to Binance leads to wealth. Then everyone from top to bottom followed suit, frantically fawning over them.
It's like a giant dining table with a dozen pigs in suits wolfing down the food, their spit-out bones littering the floor.
The current state of Binance, inside and out, is similar to that of Huobi, the world's first cryptocurrency exchange. Li Lin is surrounded by sycophants, and employees and cronies are single-mindedly using Huobi's name to make money.
In the end, a bunch of fat rats around him got rich, but Huobi itself collapsed and died.
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