CEO CZ on FTX & Voyager Bailout: ‘I Would Never Do That Type of Deal’
CZ, who is the CEO of Binance responded on FTX and Voyager issue: ‘I wouldn’t have made the deal that Alameda Research made with Voyager Digital.’
In the interview with Decrypt Podcast team on Thursday, the CEO of Binance CZ mentioned, “That was surprising even to me, to be honest. I try not to comment on our competitors or industry peers. But I would never do that type of deal. I would never say, ‘I will invest in your company and then you loan me some money.’ I would just not invest in that company, I’ll keep my money.”
photo by Cryptoslate
The CEO of Binance also added that ““Personally, for me, and to a large extent for Binance, we like very simple deals. We like deals like, ‘What’s your revenue? What’s your user number?’ We don’t like deals where, ‘Hey, I owe you this money, you pay me back this much money, you invest in me, I give you more money in loans, and then you bail me out.’ Why don’t we just return all the money and go back to zero and talk about net, who owes who money?”
As we all know, FTX CEO Sam Bankman Fried decision is quite surprising for most of the investors in this industry. Yet, CZ has been very opiniated about what FTX has been doing
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