OKGroup Xu Mingxing: The collapse of FTX is detrimental to the industry, hoping CZ and SBF can reach a new agreement

ChainCatcher news, OKGroup founder Xu Mingxing stated, "If FTX unfortunately becomes another LUNA, no one in the industry will benefit from this incident, including Binance. Both customers and regulators will lose some confidence in the entire industry. I hope CZ can consider stopping the sale of FTT and reach a new agreement with SBF."

"Decentralization is the foundation of the crypto industry. If Binance gains 100% market share and BNB's market value exceeds BTC, the industry will fail, and CZ will lose everything. Helping FTX turn around from its current predicament is CZ's best option." (source link)