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Binance founder Changpeng Zhao said on September 25, 2026, that a single tweet could not directly cause a well-run company to collapse. He attributed FTX’s failure to its own liquidity shortfall and the misuse of customer funds.
Zhao said Binance had only disclosed plans to gradually sell its remaining FTT holdings and that he did not expect the announcement to have such a significant impact. CoinDesk had already reported that FTX might be insolvent, placing the exchange’s financial condition at the center of the collapse debate.
The account keeps the focus on the difference between a market catalyst and an underlying solvency problem. Binance’s FTT disclosure may have intensified pressure, but Zhao argues it did not create the weakness inside FTX.
Frequently asked questions
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What did CZ say caused FTX to collapse?
CZ attributed FTX’s collapse to its own liquidity shortfall and the misuse of customer funds, rather than to a single tweet.
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What did Binance disclose about FTT?
Binance disclosed plans to gradually sell its remaining FTT holdings.
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Did CZ expect the FTT disclosure to have a major impact?
No. CZ said he did not expect the announcement about Binance’s FTT holdings to have such a significant impact.
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What had been reported before Binance’s disclosure?
CoinDesk had already reported that FTX might be insolvent before Binance disclosed its FTT sale plan.
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How does CZ characterize Binance’s role in the FTX collapse?
CZ presents Binance’s disclosure as a possible source of additional pressure, not the cause of FTX’s underlying financial weakness.
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