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Cryptocurrency News

‘Bad’ crypto projects should not be bailed out says Binance founder CZ

06/24/2022

Less than a minute

2022.06.24 07:06

Binance founder and CEO Changpeng “CZ” Zhao argues that “bad” crypto projects should be left to fail and not receive bailouts from crypto firms with healthy cash reserves.

In a June 23 blog post, CZ said that firms that have been poorly operated, poorly managed or have released poorly designed products shouldn’t receive bailouts — and should instead be left to crumble: