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Ethereum World News
2022-11-17 13:42:38

CZ Binance: FTX’s misappropriation of user funds was clear once due diligence started

CZ Binance: FTX’s misappropriation of user funds was clear once due diligence started

Summary: Binance CEO Changpeng Zhao told CNBC that due diligence during the FTX deal didn’t last long. Zhao said “misappropriation of user funds” at Sam Bankman-Fried’s crypto exchange was clear once the process started. The deal collapsed after Binance saw the books and FTX filed for bankruptcy shortly after. Changpeng Zhao, CEO of top centralized crypto exchange Binance, expanded on due diligence with FTX after Sam Bankman-Fried called for aid. Speaking with CNBC, Zhao disclosed some of what happened during

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