Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’

Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’

Binance CEO Changpeng Zhao (CZ) has shared where his company is at on the deal with FTX. “We did not master plan this or anything related to it,” he told the Binance team, reminding them not to trade the FTX token (FTT) as the due diligence for the acquisition is still ongoing. He further stressed that “FTX going down is not good” for anyone in the crypto industry, warning that regulators will “scrutinize exchanges even more.” UPDATE: Binance has decided not to pursue the acquisition of FTX. Binance’s CEO Informs Employees About FTX Deal The CEO of....


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