Binance chief says FTX going down ‘not good for anyone’, warns of greater regulatory scrutiny

Binance founder and chief executive Changpeng Zhao says FTX “going down is not good for anyone in the industry,” and the ongoing episode has “severely shaken” the confidence of consumers, a day after the world’s largest exchange signed a non-binding agreement to acquire its most formidable rival firm.
Zhao said the sudden liquidity crunch at FTX will attract greater scrutiny of crypto exchanges from regulators. “Licenses around the globe will be harder to get. And people now think we are the biggest and will attack us more,” he said in a note to employees Wednesday, before publicly tweeting it

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