According to Forkast, Changpeng Zhao explained the reasons for abandoning the acquisition of FTX at the Indonesian Financial Summit. Zhao Changpeng said that from the perspective of financial data, FTX has a huge financial "loophole" that needs to be filled. In addition, FTX users overlap with Binance users, and Binance covers almost all FTX product areas, but users are far more than FTX . In addition, Zhao Changpeng said that the intervention of supervision is also one of the reasons for abandoning the acquisition. In addition to explaining the reasons for abandoning the acquisition of FTX, Changpeng Zhao also said that Binance is considering disclosing its internal audit methods and sharing how local regulators audit cryptocurrency exchanges.