Binance's CEO tried to warn Sam Bankman-Fried: 'The more damage you do now, the more jail time.'

Dec 9 2022 by Business Insider

 
Binance CEO Changpeng Zhao.

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Binance's CEO got alarmed by Sam Bankman-Fried's crypto trading moves as FTX collapsed, per the NYT.  Changpeng Zhao urged the FTX founder to stop, or risk destabilizing crypto — and paying for that. "Stop now, don't cause more damage. The more damage you do now, the more jail time," Zhao wrote in a group chat.

As crypto exchange FTX collapsed, Binance CEO Changpeng Zhao got alarmed that its then-boss Sam Bankman-Fried was making...

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