Changpeng Zhao, widely known within the crypto community as CZ and a cofounder of Binance, shared insights on his upcoming book while discussing the potential link between the crash of FTX, 3AC, and the destabilization of Terra’s UST.
CZ's Comments on FTX and Terra Crash Link
Zhao commented on a post by an FTX creditor about 3AC's $1.58 billion compensation claim against the bankrupt FTX exchange. Zhao noted his surprise at the possible link between FTX and the crash of the LUNA and UST tokens in May 2022.
Details of CZ's Future Book
Zhao stated he was pondering the potential connection between FTX and Terra’s collapse while writing his book but did not include any speculation due to a lack of concrete evidence.
Implications of the Alleged Connections
Should the connection between FTX and Terra’s crash be confirmed, it could significantly impact future crypto market regulations and trust in major exchanges like Binance and FTX.
The alleged links between the crashes of FTX and Terra continue to intrigue and spark discussion within the crypto community, highlighting the significance of Changpeng Zhao's upcoming book.
