Binance founder CZ said in an interview with CNBC financial program Squawk Box that he was shocked that he did not expect SBF to deceive so many people.
This is definitely not a house of cards, while the collapse of FTX will lead to a depression in the cryptocurrency market, it will make the entire industry healthier. Bitcoin and blockchain are a better technology for transactions and global payments.
Changpeng Zhao added: “I’m not good at predicting prices. In the long run, the health of the industry will definitely benefit more than just two cryptocurrencies, Bitcoin and Ethereum. Binance is very willing to embrace global regulation. Binance US has obtained 44 state licenses, of which 10-12 licenses were obtained in the last year, regulation can minimize the problem, but regulation cannot stop a bad guy from telling lies, just like law cannot stop a bad guy from killing people with guns, everyone in the industry should be held accountable.”