Binance’s CEO isn’t sweating the FTX implosion

The crypto market is trying to pick up the pieces after it was thrown into massive disarray last week when the previously third-largest crypto exchange, FTX, imploded and filed for bankruptcy.
“It’s obvious that people are jittery, interested and somewhat nervous about what’s happening in the industry,” Changpeng ‘CZ’ Zhao, CEO of the largest crypto exchange Binance, said during a Twitter Space on Monday. “I want to say, short-term it is painful. But, I think this is good for the industry long-term.”
Zhao acknowledged that a lot of people lost money recently and many still have money stuck wi

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