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CZ Says That FTX’s Fall Is Different from LUNA, FTX is a Ponzi Scheme

<img alt='' data-srcset='https://secure.gravatar.com/avatar/?s=300&d=mm&r=g 2x' height='150' width='150' decoding='async' data-src='https://secure.gravatar.com/avatar/?s=150&d=mm&r=g' class='avatar avatar-150 photo avatar-default lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img alt='' data-srcset='https://secure.gravatar.com/avatar/?s=300&d=mm&r=g 2x' height='150' width='150' decoding='async' data-src='https://secure.gravatar.com/avatar/?s=150&d=mm&r=g' class='avatar avatar-150 photo avatar-default lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img alt='' data-srcset='https://secure.gravatar.com/avatar/?s=300&d=mm&r=g 2x' height='150' width='150' decoding='async' data-src='https://secure.gravatar.com/avatar/?s=150&d=mm&r=g' class='avatar avatar-150 photo avatar-default lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img alt='' src='https://secure.gravatar.com/avatar/?s=150&d=mm&r=g' srcset='https://secure.gravatar.com/avatar/?s=300&d=mm&r=g 2x' class='avatar avatar-150 photo avatar-default' height='150' width='150' decoding='async'/>

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Nov 26, 2022

CZ, Binance CEO, stated that the demise FTX was very different from the death of Luna. If Luna collapses due to lax regulation, then FTX would be a Ponzi scheme. He predicts that the market will recover next season. Changpeng Zhao, founder of Binance (CZ), discussed the future and crypto at the Binance Meetup Athens 2022

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