Binance CEO warns colleagues 'crypto winter' isn't over: Bloomberg
Binance CEO Changpeng Zhao warned colleagues at the world's biggest crypto exchange that the proverbial "crypto winter" isn't over, and the months ahead won't be easy, according to Bloomberg. While we expect the next several months to be bumpy, we will get past this challenging period. Zhao — who often goes simply by his initials, CZ — blamed the collapse of high-profile competitor FTX for adding "a lot of extra scrutiny and tough questions" on Binance. On Tuesday, a U.S. grand jury charged former FTX CEO Sam Bankman-Fried with committing or conspiring to commit fraud on FTX’s customers and lenders, as well as money laundering. He was reportedly denied bail and remanded to the custody of the Bahamas Department of Corrections.
