CZ FINALLY Speaks Out After FTX Crash: "FTX Defrauded Investors and Stole Money From Users"

CZ FINALLY Speaks Out After FTX Crash: “FTX Defrauded Investors and Stole Money From Users”

Following the FTX Collapse and Sam Bankman-downfall, Fried’s Binance CEO CZ finally broke his silence. CZ discussed how everything went down with FTX and what he thinks should happen next for the cryptocurrency business at the 4th Indonesia Fintech Summit 2022. From the outside, it appears that CZ’s tweets and Binance’s removal of FTT Token were the causes of FTX’s demise. However, CZ highlighted that FTX’s problems were well under way before to coming to light. Ironically, SBF also claimed that many cryptocurrency exchanges were bankrupt and that there were concealed financial issues similar to the 2008 financial collapse. The only problem is that nobody realized he was referring to his own crypto “kingdom.”

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