Binance CEO Changpeng Zhao said on Wednesday that he “did not master plan” the collapse of rival crypto exchange FTX.
In an email to employees that he made public, Zhao said that FTX going down “is not good for anyone in the industry” and that employees should not “view it as a win for us.”
The memo comes a day after Zhao said Binance had reached a non-binding deal with Sam Bankman-Fried’s FTX to buy the exchange’s non-U.S. businesses amid a liquidity crisis.
0 Comments