12:20:02 AM PST - Tuesday, December 6th, 2022

Binance’s CZ on FTX: “We were the last straw that broke the camel’s back”  

By Editor - Thu Nov 17, 8:03 am

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Binance co-founder and CEO Changpeng Zhao, also known as CZ, commented on the collapse of FTX at TechCrunch Sessions: Crypto 2022 . He played down his personal role in the series of events that ultimately led to FTX filing for bankruptcy . “I still don’t think I have that much influence. I think we were the last straw that broke the camel’s back. It’s not a straw that is really strong,” he told TechCrunch’s Anita Ramaswamy. “There’s a whole bunch of stuff that built up to it. I just may have happened to be the last thing that pushed it.” He repeated some of the concerns that he has already expressed over the past few days.

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Binance’s CZ on FTX: “We were the last straw that broke the camel’s back”

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