Binance CEO takes swipe at Sam Bankman-Fried

Perhaps it's a final blow, but Binance CEO Changpeng Zhou just couldn't help but take a shot at the fallen FTX

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That alludes to the part CZ, a cryptocurrency tycoon, played in FTX's collapse.

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When he announced that he would sell the exchange's supporting FTT tokens, he set the stage for FTX's destruction

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Due to this, FTX customers fled, the token fell, and Binance made a hasty move to save FTX.

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Given that John Ray disclosed the absence of even the most basic controls at FTX in his bankruptcy court declaration.

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Binance's hasty due diligence efforts are now easier to understand..

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According to Ray, the balances of cryptocurrencies placed by customers were not listed as assets on the balance sheet.

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The recovery team has so far identified $564 million in cash and $740 million in cryptocurrency stored in cold wallets.

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But it's unclear whether they will be able to ascertain how the crypto was distributed.

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