CZ: FTX Going Down Is Not Good for Anyone in the Industry

CZ posted a long article about the FTX incident, saying that Binance has no master plan for the matter or anything related to it, and immediately asked his team to stop selling $FTT tokens as soon as he finished his call with SBF yesterday.

In addition, he said that FTX going down is not good for anyone in the industry. Do not view it as a "win for us". While user confidence is being severely shaken, regulators will also be scrutinizing trading platforms more, and licenses will be more difficult to obtain globally. And people now think Binance is the biggest (exchange) and will bash them twice as much. The team has a lot of work to do in this space.

Source

Binance

CZ

FTX

In This Article

Related News
Binance suspends employee for allegedly profiting off of insider information Binance suspends employee for allegedly profiting off of insider information
Binance Records $3.97B Weekly Inflows Binance Records $3.97B Weekly Inflows
Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more
Binance inflows for 2024 are almost 40% higher than the next 10 exchanges combined Binance inflows for 2024 are almost 40% higher than the next 10 exchanges combined
Binance launching BFUSD, promising APY 'will never go below zero' Binance launching BFUSD, promising APY 'will never go below zero'
Latest News More More
16 Hours Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
5 Days Ago Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
6 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 BlackRock launches bitcoin ETP in Europe following US success
March 21 Pump.fun launches DEX called PumpSwap to instantly migrate graduated token
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open