CZ revisits FTX collapse: 'One tweet doesn't kill a company'
- —CZ said Binance planned to unwind its FTT position gradually rather than dump it at once
- —He blamed Caroline Ellison's $22-per-token buyout offer for accelerating the panic
- —Sam Bankman-Fried was convicted on seven counts and sentenced to 25 years in prison
- —FTX, Alameda and over 100 affiliates filed for bankruptcy on Nov. 11, 2022
Why it matters: The debate over FTX's collapse matters for assessing systemic risks at exchanges and the role of major players in confidence crises.
Source: Coinkolik