On February 20, Binance founder Zhao Changpeng tweeted: "The term 'offshore' appears too narrow and self-centered. Looking at the big picture, it does not help the development of our industry. From the perspective of 'onshore', the issue discussed, FTX.US is an 'onshore' exchange (from 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 'onshore' and others is self-centered and a bit arrogant. Everyone is 'onshore' from their own perspective. 'We are better than everyone else' 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."