Binance CEO takes heat at Abu Dhabi event after FTX fall
Changpeng Zhao maintained that crypto is the future, despite cryptocurrency exchange FTX filing for bankruptcy last week.
ABU DHABI — Binance CEO Changpeng Zhao stood in support of crypto, reassuring a packed hall on Wednesday at Abu Dhabi Finance Week (ADFW) that crypto is the future.
Yet not everyone attending the second day of the Abu Dhabi Global Market (ADGM) event was buying it. A speaker at the event tweeted about his distrust of Zhao shortly after.
What happened: Bahamas-based cryptocurrency exchange FTX filed for bankruptcy last week, and Binance’s role in it has led to big reactions.
Nouriel Roubini, the chief economist at Atlas Capital, went on the event's main stage after Zhao and berated the CEO on stage in addition to tweeting about it.
