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CZ Likens FTX To Lehman Brothers; Crypto Crash To Worsen

source-logo  coingape.com 11 November 2022 14:19, UTC

FTX crypto crash to worsen?: Binance CEO Changpeng Zhao ‘CZ’ said the crypto market is yet to see its worst phase after the FTX collapse. Comparing the current crypto crash to the 2008 global financial collapse, he said more companies could crash in near future. CZ was speaking at conference earlier on Friday, when he said there would be cascading effects on the crypto industry. Meanwhile, FTX Token (FTT) recovered slightly after news of Justin Sun rescuing Sam Bankman-Fried appeared.

coingape.com