In his latest post, CZ clarified that he did not “master plan” this and urged the community to not view the entire event as a “win” for them.
With the exchange’s fall from grace and Sam Bankman-Fried losing his credibility, let’s look at the timeline of how the events unfolded. Bankman-Fried co-founded – FTX – along with another MIT alum Gary Wang two years later. Alameda incubates FTX while Binance invests an undisclosed amount to the then derivatives exchange.
SBF’s popularity soars amidst the raging bull market. The MIT physics grad was even called “the next Warren Buffett.” As FTX grew bigger, SBF became increasingly active in United States’ regulation. So much so that the exec was one of the largest donors in crypto and was the second largest donor to US President Joe Biden. Datathat he had spent nearly $40 million primarily backing Democrats during the current political cycle.
In November, Alameda’s balance sheet was largely made of FTX’s native FTT token surfaces. The trading firm was found to be holding more than $3 billion worth of FTT on its balance sheet.
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Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto CrashBinance will reportedly back out of its agreement to buy rival cryptocurrency exchange FTX, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto titan FTX once valued at $32 billion, taking down the value of digital assets with it. cz_binance, you cunt! I want to learning cryptocurrency. Could you please send me the cryptocurrency learn package details at your earliest. Thanks and regards. Gamage
منبع: Forbes - 🏆 394. / 53 ادامه مطلب »
Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto CrashBinance will back out of its agreement to buy rival cryptocurrency exchange FTX, Binance said Wednesday afternoon, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto titan FTX once valued at $32 billion. Holy shit😭😭😭 Good morning, Forbes. This was posted by Binance like 5h ago. Thanks for playing ..
منبع: Forbes - 🏆 394. / 53 ادامه مطلب »
Binance strikes acquisition deal for non-U.S. unit of FTX.FTX_Official and Binance have struck a deal. It comes after IanAllison's scoop last week on SBF_FTX's liquidity issues. emilydparker joined CNBC to discuss the news and the lack of transparency we're seeing in the crypto sector. Check it out: FTX_Official binance ianallison SBF_FTX emilydparker CNBC They should update this picture lol FTX_Official binance ianallison SBF_FTX emilydparker CNBC IanAllison123 FTX_Official binance ianallison SBF_FTX emilydparker CNBC You guys are slower than internet explorer
منبع: CoinDesk - 🏆 291. / 63 ادامه مطلب »
Crypto investors rattled as Binance reportedly leans against completing its acquisition of rival FTXBinance, the world’s largest crypto exchange, is reportedly unlikely to follow through with its proposed acquisition of the non-U.S. assets of rival FTX,... But but but I was really impressed by all the umpires at the World Series for wearing FTX shirts. Mark my words: CZ will not go through with the deal.
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »
Crypto investors rattled as Binance is reportedly abandoning its proposed acquisition of rival FTXBinance, the world’s largest crypto exchange, is reportedly unlikely to follow through with its proposed acquisition of the non-U.S. assets of rival FTX,...
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »
Crypto investors rattled as Binance abandons its proposed acquisition of rival FTXBinance, the world’s largest crypto exchange, is abandoning its proposed acquisition of the non-U.S. assets of rival FTX, amid the latter’s liquidity crunch. That's only the safe thing to do, the Easter bunny is more stable and makes more money than crypto ( in it's present state)
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »