CZ Regrets Highlighting FTX Concerns Too Late

CZ Blames Himself For Raising FTX Concerns "Too Late"

In a video interview, Changpeng Zhao, Binance of CEO, blames himself for tweeting and highlighting about FTX Concerns too late.

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He detailed that “As an industry we let FTX get too big before we started questioning some of those things”.

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Earlier, Zhao tweeted about the decision to offload 23 million tokens due to “recent revelations that have come to light,” without giving more details.

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He mentioned, it was “post-exit risk management, learning from Luna” and specified that the move was not against a competitor.

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FTT, the token of the crypto exchange FTX, has lost most of its value after the Binance rivalry.

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On November 11, FTX and its affiliates filed for bankruptcy after SBF resigned from his CEO position.

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Following the downfall of FTX, CZ has solidified its position as an industry figure and key leader.

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