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Binance CEO Changpeng Zhao: "Bailouts don’t make sense. Don’t perpetuate ba...
source link: https://nextbigwhat.com/binance-ceo-changpeng-zhao-bailouts-dont-make-sense-dont-perpetuate-bad-companies/
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NBW News Binance CEO Changpeng Zhao: “Bailouts don’t make sense. Don’t perpetuate bad companies”
Binance CEO Changpeng Zhao: “Bailouts don’t make sense. Don’t perpetuate bad companies”
- June 25, 2022
Binance CEO Changpeng ‘CZ’ Zhao said bad projects should be allowed to fail and Binance has no intention of offering “bailouts” to such projects.
He believes some projects or companies are bad, which is visible in their poor design, management, and operations. According to CZ, “Bailouts here don’t make sense. Don’t perpetuate bad companies. Let them fail. Let other better projects take their place.”
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