Binance CEO: It was clear FTX misappropriated user funds and lied to investors

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Published 2022-11-17
Binance CEO Changpeng Zhao joins CNBC's 'Squawk Box' to discuss the collapse of crypto exchange FTX and what it means for the crypto industry. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi

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All Comments (21)
  • Our time had reached its zenith, and it is now over. Everything not just FTX, Stock including 401Ks, are suffering from the recession and crashes. My $750K retirement equity portfolio is losing money. Because of inflation, I keep losing. Similar to how Rome fell under its despotic emperors, this world will also. I apologize if you are considering retirement but are concerned that your pension won't cover the rising expense of living. There are terrible foreign policies worldwide, as well as disastrous regulatory, fiscal, and energy policies.
  • The fact is that BTC symbolises the future of cryptocurrency, and traders are wondering if now is the best moment to trade, I feel you should examine the situation more closely before jumping to any conclusion. BTC's price has been fluctuating over the previous days, signaling that the market has become unstable and that is it impossible to anticipate whether it will go bearish or bullish. Others are patient, while others continue to trade with no risk. It all depends on the pattern you're trading and the source of your signal;
  • @xyz-uw3ps
    I feel sorry for people who transfer their life's savings to these weirdos.
  • @drossoomoore
    I'm new to stock market /Crypto and would like to invest but I've go no idea on how to make good profits. Pls what's the best approach you'd recommend?
  • “I think he thought he understood. He probably still thinks he knows what he's doing" Lol that's exactly how an adult views a child. SBF needs to be arrested
  • @fairworld2522
    Never trust all these traitors. Binance is no different. This guy just coming out quickly to say he does not do any illegal things but all others are bad. All of them are crooks. Take all your money out of of Binance immediately.
  • With the current problem around the world today I think it's best everyone invest more in digital asset than Saving in banks and real estate. Just my thoughts
  • I strongly agree with you mate. Investment is the key to sustaining our financial longevity, and not just any investment but an investment with guaranteed return.
  • @johnnie9888
    👋👋Your channel has truly changed my life. I've been studying and researching about crypto for a while now and i got stuck at some point on the learning curve💯. now i can say I'm truly improving my understanding of this whole new world and making great profit weekly, all thanks to you.
  • YOU WORK FOR 40YRS TO HAVE $1M IN YOUR RETIREMENT, MEANWHILE SOME PEOPLE ARE PUTTING JUST $10K IN A MEME COIN FOR JUST FEW MONTHS AND NOW THEY ARE MULTIMILLIONAIRES.......
  • EVERY FAMILY HAS THAT ONE PERSON WHO WILL BREAK THE FAMILY FINANCIAL STRUGGLE I HOPE I BECOME THE ONE ☺️... IN A FEW WEEKS I WAS ABLE TO PAY OFF MY DEBTS THROUGH INVESTING IN CRYPTO TRADING
  • @tubenachos
    "Misappropriated" 😂😂😂 biggest understatement of the decade so far 😳
  • @ferndawg1111
    It's good to see CZ giving face during this massive scam. However, rest assured that using your own token as collateral is not the only thing that can go wrong in this industry.
  • @JohnPMiller
    Reporter should ask each cryptocurrency CEO, "What do you think an appropriate punishment should be for SBF?" I'd love to hear their responses.
  • has anyone opened binances books? just saying it looks like most of crypto is not on the level.
  • I wish I got In on digital currencies earlier, I should have made millions by now, I just began Investing now that the digital currency market is booming and I'd appreciate clues and strategies on how to make a 4 figure profit within next few months
  • How on earth institutional investors such as Sequoia, Softbank and Temasak be fooled by FTX and handover their investors' funds ?
  • @hyuncho1231
    Creating another source of income in these difficult times is the best thing to do. Not only does it guarantee returns, it also helps you plan and save for future expenses. It can be quite difficult to make an investment without sound knowledge or guidance, which is why it is advisable to work with an investment advisor.
  • Is that everything you have with him or there's a full interview ?