Controversial FTX Statement from Binance CEO

The cryptocurrency world has been talking about FTX almost exclusively lately. to all the details from here To summarize the event you can reach; FTX, which is among the largest cryptocurrency exchanges in the world, is officially bankrupt and trust in crypto money markets is once again gone. One of the leading names in the industry, Binance CEO Changpeng Zhao was among the most criticized names in this process.

On the other hand, CZ held an AMA (question and answer) event on Twitter yesterday. As you can imagine, the number one agenda item of this event was FTX. CZ, which was criticized for giving confidence to invest in FTX when asked by users, he finally sank the sack on himself. However, Binance CEO said that other equity investors along with them in the collapse of FTX. that you are guilty he accepted.

CZ admits responsibility but says investors are to blame too!

“Why did all investors, including us, invest in them? That’s actually a bit of a blame. i think it is true. All investors who invested in FTX made a mistake and many of them were very professional investors. Why didn’t they foresee that something like this could happen?” Speaking of which, CZ still it’s not just their fault stated. According to Binance CEO, investors were also to blame…

“As a user, you also have a responsibility. You cannot assign all responsibility to others.. If you always blame someone else when bad things happen, you will always fail. And you’re always looking out for the person most responsible to yourself, yourself.” CZ using the phrase, Binance is also in a loss stated.

“We were able to sell a small portion of $580 million worth of FTT!”

Binance, since 2019 He was among the companies that invested in FTX. CZ also touched upon this issue. 580 million dollars worth of FTT (the native cryptocurrency of FTX), of which they were able to sell only a small portion. According to CZ, Binance, like other investors, was due to the collapse of FTX. had hurt.

According to CZ, Binance’s only loss was not the FTT they held. insurance funds Saying that they createdWe don’t want to create a situation where anything falls within the industry. Binance, to provide this to pay has to.” used the phrases.