Exchanges· ★★★· neutral·

Changpeng Zhao: FTX collapse was caused by misuse of client funds, not my post

  • —Zhao said Binance recovered about $2.1 billion exiting its FTX stake in cash, BUSD and FTT
  • —He noted CoinDesk first reported Alameda's reliance on FTT in November 2022
  • —Zhao said he never met or emailed Trump before receiving a full pardon on Oct. 21, 2025
  • —Binance halted withdrawals for about a week after losing 7,000 BTC worth $40 million in 2019
Why it matters: Zhao's remarks revive scrutiny of Binance's role in FTX's collapse and the transparency of his US pardon.
#BTC#FTT
Source: TokenPost
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