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

Cointelegraph

Published Jun 23, 2022 09:50PM ET

Updated Jun 25, 2022 12:20AM ET

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 Thursday 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:

h3 Centralized Binance/h3

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