Changpeng Zhao (CZ), founder and CEO of Binance, posted a message on Twitter to respond to the view on the word "offshore". CZ said, "The word 'offshore' seems too narrow, self-centered, and has no big picture view, which does not help the development of our industry. From the perspective of 'on-shore', the issue discussed, FTX.US is an 'on-shore' exchange (from the perspective of the United States). The main executives of SBF and FTX are Americans. They have spent a lot of time and energy lobbying in the United States. This has not prevented fraud from happening. Distinguishing between 'on-shore' and others is self-centered and a bit arrogant. Everyone is 'on-shore' from their own perspective. 'We are better than others' is not a panacea for building a better industry. There are good people and bad people everywhere. Embracing diversity and openness will lead to better results. Any over-generalization (especially against others) will be counterproductive and negative. Blockchain has no borders."
