During Q&A “ask-me-anything (AMA)” on Twitter on Nov. 14, Binance CEO Changpeng Zhao, also known as CZ,encourageCrypto users are responsible for their investment decisions. and not blaming others
“As a user You have to be responsible too. You cannot blame all responsibility on others. When something bad happens because if you keep throwing responsibility Or keep blaming others all the time You will never be successful. You are always looking for the person who is most responsible for you. which is yourself.”
The remarks were in response to a question about whether Binance should reimburse users who lost money on FTX, with participants in the AMA accusing Binance of credibility with FTX and potentially benefiting from its funds. also belongs to the user The questioner asked CZ whether Binance should return the money generated from the FTX or FTX Token sale of utility tokens.
Last week, Binance announced that it would sell all FTTs in the coming months. However, Binance was unable to complete the sale before FTX suffered a liquidity crisis and bankruptcy.
He also stated that Binance sells a small percentage of FTTs. Claiming that the rest is still in the possession of the company and holding losses like everyone else.
“We have $580 million worth of FTTs. But most of them are still in the bag.”
CZ also said that Binance would try to help as many FTX users as possible in the spirit of growth in the industry. “Create a situation where whatever happens in the Binance industry is held accountable.”
In the end, CZ admits that large institutional investors are partially responsible for giving FTX credibility:
“VC investors, including us. Why are we investing in them? I think the accusation is quite right, every VC investor who invests in FTX makes mistakes, and many of them are professional investors.”
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