Binance Had ‘Very Minimal’ Exposure to Collapsing Crypto Lending Companies, Says CEO Changpeng Zhao

Binance Had ‘Very Minimal’ Exposure to Collapsing Crypto Lending Companies, Says CEO Changpeng Zhao


The CEO of Binance is answering questions about its risk exposure in the wake of several large crypto lenders collapsing.

In a new interview with CNBC’s TechCheck, Binance head Changpeng Zhao explains his firm’s finances have not been tangled with the recent collapses of Celsius Network (CEL) or Three Arrows Capital (3AC) without naming any names.

“We are not involved in any of the names that are public. I won’t name them, but we don’t have any loans to them, we don’t owe them any money, so we have not been involved in that.

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Our name just never came up in any of those situations.”

Despite the recent cascade of negative crypto headlines, Zhao remarks that the space is rarely painted in a positive light

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