Binance founder Changpeng Zhao said in a memo to employees that the impending collapse of FTX has "seriously shaken" people's confidence in the cryptocurrency industry and will trigger greater scrutiny from regulators, the Financial Times reported. The bailout cemented Binance's position as the world's largest cryptocurrency exchange, but it was not "a victory." He said: "Regulators will have stricter scrutiny of exchanges. Global licenses will be more difficult to obtain." In addition, Zhao Changpeng said: "We have no master plan for this or any related matters. Less than 24 SBF called me hours ago. Prior to this, I knew very little about the internals of FTX. I could use our earnings and do some mental math to guess their earnings, but it would never be very accurate. When he wanted to talk I was surprised. My first reaction was, he wants to do an OTC trade,” and he said he had ordered Binance to stop selling FTT after speaking with SBF.