Crypto companies have to hold assets one-to-one, says Binance CEO Changpeng Zhao

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Published 2022-12-15
Binance CEO Changpeng Zhao joins CNBC's 'Squawk Box' to discuss how the company is working to avoid a major fallout similar to the crypto exchange FTX.

All Comments (21)
  • @GeminiEye1314
    The bias is clear here. They didn't grill SBF nearly as hard lol.
  • @hai8138
    Listening to ZC talk and explain crypto is like Listening to .Vitalik Buterin. Listening to SBF and Kevin O'Leary talk about crypto is like listening to liars scamming your money.
  • Crypto exchange AAX, taking advantage of the situation with FTX, has frozen all user accounts. After announcing a two-hour maintenance on 11/13/22, management later stated that the company was experiencing operational difficulties and needed to find new investors. Another 3 weeks have passed and AAX has not updated his blog, the official Facebook and YouTube pages have also been deleted, the support address has become invalid, and today even the main server and the official website have been closed. The savings of many thousands of users have been stolen and this is clearly a planned scam!
  • @ReidCoffman1
    with this crash i'll say it won't be too easy to pick the right stock, jim Roger said there are still huge opprtunities despite the crash, and i overheard someone talk about making $300k from about $10k since the crash. how do i make these kind of returns?
  • TRADING HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIME AND FAILED, I TRADED ON MY OWN BUT EACH TIME I KEEP LOSING MONEY. I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH.
  • @TheKimbolam
    He’s asking the questions with the tone as if CZ was the one who stole billions.
  • Your act of Kindness and the way you render your service shows that you are a professional in what you do. Please how can I build passive income ?
  • @lovejones5154
    🎉 you work for over 30yrs to have $1M in your retirement,meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires.
  • @elmunita
    I hope that Binance will continue to stand, contrary to what happened with the AAX exchange that suddenly disabled withdrawals, communicating contradictory information that changed over the days (hacking, maintenance, lack of liquidity) Until finally the communication it ended and the server went down with no explanation. Please investigate the AAX case.
  • Investing appropriately today can save you a whole lot of stress in the nearest future
  • @buddy_
    Question: Can a bank survive if everyone wants their money on the same day? Answer: They can't
  • the AAX exchange closed the withdrawals to all users, deceived a lot of people. Please help me to cover this topic!
  • @carlsmith3652
    CZ got the hard questions and sbf the soft questions ... wauw ..what a world.
  • @Jed800
    CNBC now doing due diligence and asking the tough questions after they called SBF the next JP Morgan
  • @MB-hi2ef
    CZ is on point-- the last man standing
  • @SD-mg7np
    I’m starting to realize that binance prob didn’t even want any investors like o Leary
  • Solid interview CZ!! Stay strong and safe my brother. I am rooting for you even though I don't have any money to invest in binance right now, I do have an account though.. Much love brother..
  • Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke Investment is building a safe haven for the future: with the right choice of investment that has at least 1% minimum risk and with an Expert guidance, profit and interest should be 💯 guaranteed.