Zhing Peng Zhao has gone from flipping a burger in McDonald's to founding Binance now the world's largest Cryptocurrency exchange. CZ had a different view than SBF which is that crypto should really stand on its own. He was certainly not a public face like much more the the rebel You know, Sam Bankman free and once had taunted him on twitter saying or even allowed to be in Washington DC Which was a sort of a dig on his his foreigner status. The story started a couple of years ago when Binance invested in FTX It was an early backer huh?
With the collapse of one of its largest exchanges, crypto’s having its very own Lehman Brothers moment. Semafor’s Liz Hoffman explains the repercussions for the real world.
This episode was produced by Miles Bryan and Amanda Lewellyn, edited and fact-checked by Matt Collette, engineered by Paul Robert Mounsey, and hosted by Sean Rameswaram.
Transcript at vox.com/todayexplained
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