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Binance CEO CZ on FTX crash: ‘We’ve been set back a few years’

With one of the biggest crypto businesses falling overnight after getting caught misappropriating user funds, CZ believed the episode was devastating for the industry, which took away a lot of consumer confidence.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Binance CEO CZ on FTX crash: ‘We’ve been set back a few years’

With one of the biggest crypto businesses falling overnight after getting caught misappropriating user funds, CZ believed the episode was devastating for the industry, which took away a lot of consumer confidence.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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