Zhao Changpeng: No overall plan for the acquisition of FTX, this rescue operation is not "a victory."

ChainCatcher news, according to the Financial Times, Binance CEO Changpeng Zhao stated in a memo to employees that the impending collapse of FTX has "severely shaken" people's confidence in the cryptocurrency industry and will lead to stricter scrutiny from regulators. This bailout solidifies Binance's position as the world's largest cryptocurrency exchange, but it is not "a victory."

Changpeng Zhao said, "Regulators will conduct stricter scrutiny of trading platforms. Licenses will be harder to obtain globally." Additionally, Zhao stated, "We did not have an overall plan for this matter or any related issues. Less than 24 hours ago, SBF called me. Before that, I knew very little about the internal situation of FTX. I could make some mental calculations with our revenue to guess their income, but that would never be very accurate. I was surprised when he wanted to talk. My first reaction was that he wanted to do an over-the-counter trade… but it ended up being like this." (source link)