Binance, Crypto.com execs tell investors to ‘ask me anything’ following the fall of FTX
Both Binance and Crypto.com hosted live question-and-answer sessions on Monday morning in an attempt to reassure investors that the cryptocurrency exchanges won’t meet the same fate as FTX, which suffered a sudden and catastrophic collapse last week.
Thanks to the 40,000+ people for listening in. Will try to do this a bit more often given the demand. https://t.co/OkCFNhLv4Y
— CZ Binance (@cz_binance) November 14, 2022
FTX, formerly the world’s largest cryptocurrency exchange by volume, filed for bankruptcy after Binance walked back on its deal to purchase the beleaguered firm. Its crash raised concerns among investors over the safety of their funds, and crypto exchanges are responding by trying to be as transparent as possible,...