The chief executive of the world’s largest crypto exchange is revealing why the potential deal with former competitor and bankrupt firm FTX failed to go through. In an interview at the 2022 Indonesia Fintech Summit, Changpeng Zhao says that rescuing FTX from bankruptcy did not make sense for Binance from both business and legal standpoints. The post Binance CEO Changpeng Zhao Reveals Why Deal With FTX Collapsed, Says Industry Now Facing 2008-Style Meltdown appeared first on The Daily Hodl .