Binance has not only been more honest than FTX but also more honest than Coinbase.
But this is HN and the people here are smart but lack the intellectual courage and honesty to challenge their beliefs, so they'll believe in things like "SEC trying to save the common investor" despite obvious examples like 2008, FTX, etc.
They apply the same reasoning to war for example, they'll never talk about how comparable the US aggression on Iraq is to the Russian aggression on Ukraine, and will call you a Russian sympathiser if you point this out.
This is expected and completely natural, humans will always find reasons why their actions are good and general just ways to explain their behavior, I think there are experiments that even show it on the biological level when they cut off the right from the left hemisphere.
The SEC's attack on Binance and CB has been part of a multi year attack on cryptocurrencies, everyone here will criticize crypto really hard but never the fact the fed printed huge amounts of USD, causing inflation not only for US citizens but for every country that relies on the US for food and other imports (that are done in USD, so for example country X's reserve in USD is worth less now, and US exporters raise their prices, etc.)
The people here will go to extreme lengths of mental gymnastics to say that the inflation wasn't caused at all by money printing but by covid disrupting the supply chain and by the Russian war.