On February 10, 2026, Binance CEO Changpeng Zhao (CZ) discussed his 2021 decision to divest from FTX during the All-In Podcast. CZ cited SBF's public comments in Washington and unusually high salary offers to VIP managers as red flags that influenced his exit decision. Although holding veto rights, CZ acted as a passive investor and finalized the divestment by July 2021, about 1.5 years prior to the FTX crisis.

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