QMMM Collapse: CZ Demands Third-Party Custody for Digital Asset Holdings

Following the dramatic collapse of QMMM Holdings, a US-listed digital advertising company accused of market manipulation, Binance founder Changpeng Zhao has called for mandatory third-party custody for all companies seeking investment from his YZi Labs venture fund. This move comes as investors and regulators alike grapple with how to prevent similar schemes and promote transparency within the rapidly growing cryptocurrency sector.