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Binance CEO likens FTX Fiasco and 2008 Financial Crisis — Warns about ‘Cascading Effects’


Changpeng Zhao, Binance CEO, has compared the FTX crash to the 2008 financial crisis. He warned of “cascading consequences” and said: “A lot consumer confidence is shaken, which I think basically sets us back a few decades.” Binance’s CEO discusses the impact of FTX’s collapse on the crypto industry.



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