With one of the biggest crypto businesses falling overnight, CZ believed the episode was devastating for the industry, which took away a lot of consumer confidence. Speaking at Indonesia Fintech Summit 2022, he said:

“I think basically we've been set back a few years now. Regulators rightfully will scrutinize this industry much, much harder, which is probably a good thing, to be honest.”

#News #FTX #Binance #CZ #Crypto #Crash #Luna #IndonesiaFintechSummit2022 #tranding #Cryptonews #Cryptotranding