Binance CEO Changpeng Zhao (CZ) stated in a note to his employees that the situation in FTX has seriously reduced trust in the crypto industry.
Changpeng Zhao, FTX’s current state of the cryptocurrency industry seriously undermines trust. and now more and more by regulators all over the world. to set strict rules stated why.
In the CEO note, this bailout is part of the bailout, further solidifying Binance’s position as the world’s largest cryptocurrency exchange. no gain stressed. Regulators’ exchanges are now subject to more control Announcing that it will keep licensing all over the world, CZ that it will be harder than before underlined. Peoples will attack the company The CEO, who expressed much more He emphasized that importance should be given and stood in front of the company. hard work added that.
This is by Binance not a planned move Explaining to his employees, CZ stated that he can estimate FTX’s revenues based on Binance’s revenues, but this will not be very consistent. When CEO CZ first reached out to him, Sam Bankman-Fried want to make an OTC deal thinking but right now they are in a very different place than they expected expressed.
CZ employs FTT not to trade also warned. In addition, the company’s treasury unit Stopping FTT sales he ordered. In addition, the units that are not directly related to the sales not to ask questions and not to make any comments inside or outside he asked.
The CEO, on the other hand, tries to keep market prices, as he has done many times. to ignore and suggested that she focus on her work.
