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Binance CEO responds to claim his crypto exchange is a �walking time bomb�Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed. 19 views � 1 year ago #collapse #crypto #. The day before the embattled cryptocurrency exchange FTX filed for bankruptcy, Changpeng Zhao, the chief executive of the rival. The day before FTX filed for bankruptcy, founder Sam Bankman-Fried received an "alarmed" text message from Binance CEO Changpeng Zhao.