Binance CEO Zhao brushes off $2.1 billion FTX clawback worries

Binance CEO Zhao brushes off .1 billion FTX clawback worries

Critical Details

Binance CEO Changpeng Zhao dismissed concerns over no matter whether Binance could manage a prospective $2.1 billion clawback of proceeds from an FTX divestment on an look with CNBC’s Squawk Box.
Zhao was an early investor in FTX and in disgraced founder Sam Bankman-Fried, but their romance experienced chilled as FTX obtained marketplace share and grew far more aggressive.
Binance divested its stake in FTX very well ahead of personal bankruptcy.

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