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They don’t have anything we don’t: CZ on why the FTX deal fell

They don't have anything we don't: CZ on why the FTX deal fell

They don't have anything we don't: CZ on why the FTX deal fell

With consumer confidence shaken, CZ believes the event will be a long-term “wake-up call” to learn how to deal with the risks posed to the nascent industry.

FTX lost a number of potential rescuers after shady details of its internal operations continued to emerge. The biggest obstacle was that Binance pulled out of the deal.

But according to the CEO of the crypto giant, the deal with FTX makes no sense.

Read more: Grayscale Bitcoin Trust records a 41% discount amid FTX meltdown

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