Many cryptocurrency companies may go bankrupt in the near future, according to Changpeng Zhao, CEO of the Binance exchange.
According to him, the market entered a crisis phase after FTX filed for bankruptcy in the U.S.. In addition, last Friday, the post of CEO of this cryptocurrency exchange left Sam Beckman-Fried, according to Reuters.
According to Changpeng Zhao, we are witnessing a difficult period that can be compared to the global financial turmoil caused by the collapse of Lehman in 2008.