Binance CEO Zhao: Crypto Overall Is Fine Despite FTX Fallout

Changpeng ‘CZ’ Zhao, chief executive officer of digital-asset exchange Binance Holdings Ltd., discusses the fall of Sam Bankman-Fried’s FTX empire and its implications for the broader crypto market. He also talks about Binance’s strategy, and the possibility of setting up a roughly $1 billion fund for the potential purchase of distressed assets in the digital-asset sector. He speaks with Haslinda Amin on “Bloomberg Daybreak: Europe.” (Excerpt)
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Source: Bloomberg Markets and Finance