Binance CEO Changpeng Zhao (CZ), who ignited the collapse related to FTX in early November, has now targeted another exchange on his official Twitter account.
As is known, the leading cryptocurrency Kraken, one of its stock exchanges, announced earlier today that it will lay off 30% of its employees.
Binance CEO Warns About Kraken Exchange
Binance CEO spoke anonymously about this issue and said to be wary of cryptocurrency exchanges that promise high-interest returns and layoffs. Considering the latest developments, it is clear that this is related to rival exchange Kraken.
However, CZ deleted his tweet shortly after.
CZ said in its statement:
“Watch out for these platforms:
1, offering high annual interest rates
and/or
2. Those who make layoffs.
If you don’t manage risk now, don’t blame others for the consequences later on.”
However, after a Twitter user said that layoffs are normal for many companies and he doesn’t understand why it’s alarming, it’s also disappointing to talk about a company that is one of the founders of the cryptocurrency industry, CZ added:
“I am not saying that layoffs are definitely a problem. I just talked about risk management principles. Also, a founding company does not mean risk-free. Anyway, I’m not against Kraken or anything. I’m just saying. Your criticism is also reasonable.”
However, Binance CEO continues his recent outings and finally met with the Georgian prime minister.
*Not investment advice.
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