Changpeng Zhao, CEO of cryptocurrency exchange Binance, has warned company employees of the inevitability of increased scrutiny from regulators.
According to him, the collapse of FTX will lead to the fact that almost all crypto companies will be under the scrutiny of the supervisory authorities of most countries.
He has said that despite Binance may face big problems in the coming months, the exchange will survive any shock.
According to him, pressure has already started to intensify from both regulators and users of the exchange, who have massively started to withdraw funds from wallets.
The outflow has amounted to more than $3 billion in just a few days.