Latest News

: Binance CEO tweets regret at not shorting FTX token


The chief executive of Binance said he regretted not betting against the token tied to the failed FTX cryptocurrency exchange.

Changpeng Zhao, the co-founder and CEO of Binance who is known by initials CZ, tweeted the regret in response to a satirical tweet about there being a sequel to the movie, The Big Short.

His tweet referred to “still having a bag” in the token, dryly noting a call by former FTX CEO Sam Bankman-Fried ended up being “very expensive.”

CZ is considered to have put the wheels in motion to FTX’s demise when he said he would sell the FTT token.

FTX filed for bankruptcy protection after Binance decided not to go through with a tentative agreement to buy it.

The FTT token was trading hands at about $1.50, down from about $22.50 just a week ago, according to CoinMarketCap data.

Outside the Box: You can’t rely on Social Security to fund your retirement — it’s time to rethink your retirement savings strategy

Previous article

Need to Know: Markets are getting a wake-up call in 2023, says Morgan Stanley, which offers a plan for investors to get ready.

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News