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FTX Collapse Heightens Anxiety Over Binance

Started by Epoch-Times-Bot, Dec 15, 2022, 03:45 PM

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Epoch-Times-Bot

Dec 15, 2022, 03:45 PM
FTX Collapse Heightens Anxiety Over Binance

After the FTX collapse, Binance co-founder and CEO Changpeng Zhao is grappling with challenges on numerous fronts.
As the industry deals with the high-profile fallout from FTX, billions of dollars are fleeing Binance, one of the world’s largest cryptocurrency exchanges. Further, Zhao has recently come under fire for being responsible for the FTX's collapse, and he might be asked to return the $2.1 billion payment that Binance received when it sold its stake in FTX in 2019.
On Thursday, Zhao dismissed concerns that his company would be obliged to repay the money as a result of FTX's bankruptcy proceedings.
"I think we'll leave that to the lawyers. I think our legal team is perfectly capable of handling it," Zhao told CNBC....

Source: FTX Collapse Heightens Anxiety Over Binance

xenzol

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Aug 24, 2024, 12:11 PM
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