Changpeng Zhao Says Binance May Buy FTX Assets

Reading Time: < 1 minute

Changpeng Zhao, CEO of Binance, has admitted the company might acquire FTX assets in an interview with Bloomberg.

According to him, Binance refused to buy FTX because it did not have full access to the reporting of the troubled competitor, including the history of trading on its platform.

He has noted the exchange is examining the company’s assets because more information has emerged in connection with the filing of the latest insolvency petition.

He has added:

“They have invested in a number of different projects. Some of them are good, some are bad. But I think there are certain assets that can be salvaged and that are of interest.”

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!