The Defiant

FTX Insolvency Rumors Are Flying and Binance's CZ is Making it Worse

Clash of Crypto Titans

By: Aleksandar Gilbert

On one side: CZ, founder of Binance, by far the world’s largest centralized crypto exchange. On the other, Sam Bankman-Fried, who heads his own mammoth crypto exchange, FTX. The spat puts a spotlight on questions about FTX’s financial health, as well as the growing industry concern over the shape and scope of coming regulations.