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CZ: Recent Shutdowns Let Users Withdraw, Unlike QuadrigaCX Era

Changpeng Zhao said the recent shutdowns during this bear market have allowed users to withdraw their assets, in contrast to the “QuadrigaCX-style” approach seen in previous cycles. His comment came after CoinEx announced it is ceasing operations and entering an orderly liquidation.

Original source

AI take

Zhao's framing turns an operational wind-down into a reputational contrast: the claim is less about CoinEx specifically than about whether the industry now handles exits differently than in past cycles. That distinction matters most to users of smaller venues, who bear the practical risk when a platform stops operating. The open question is whether orderly liquidation with withdrawals intact becomes the norm for future shutdowns, or remains a case-by-case outcome worth verifying rather than assuming.

Generated by AI for reference only.

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