Binance Has A Cunning Plan To Save Crypto But It S Too Late
FTX was so deeply embedded in the cryptosphere that many firms (including crypto lenders Genesis and BlockFi) have spent the last week hurriedly calculating their own financial exposure to the collapse, in fear they may be dragged down in the swell. Others, however, have sensed opportunity in the crisis and are readying plans to prevent further contagion. “We actually think this is a very good cleansing period,” said Changpeng Zhao, CEO of Binance, during a Twitter Spaces Q&A earlier this week....