The blockchain industry has been experiencing a lot of challenges due to the fallout of one of the biggest crypto exchanges, FTX.
So many notable industry experts and stakeholders have given their opinions on what they thought brought about the current crisis in FTX. Some have also highlighted what they think the industry will look like going forward.
The CEO of the largest cryptocurrency exchange, Binance, Changpeng Zhao, has shared his thoughts on how the cryptocurrency market would rebound following the demise of FTX. Zhao expressed his views during the most recent Indonesia Fintech Summit. Zhao stated that the incident with FTX was disastrous for the sector and significantly undermined customers’ confidence.
“I believe that we have essentially taken a couple of years back. Regulators will examine this industry much more closely going forward, which is probably for the best, to be honest”, says Zhao during the interview.
