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Coin Edition 2023-07-11 11:29:00

VC Firm Founder Calls Binance “Ponzi,” Compares With Bankrupt FTX

Venture capital firm Cinneamhain Ventures founder Adam Cochran called out Binance for being a “Ponzi” scheme with an evident “hole across multiple assets.” Comparing the leading exchange with FTX, Cochran said while all funds haven’t yet disappeared, users don’t deserve to pay for CEO Changpeng Zhao’s mistakes. The above was part of a Twitter thread The post VC Firm Founder Calls Binance “Ponzi,” Compares With Bankrupt FTX appeared first on Coin Edition .

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