The world's largest exchange is suffering from deteriorating crypto sentiment following the downfall of FTX, Binance's main rival. Former FTX CEO Sam Bankman-Fried, who once held the title of the world's richest person under 30, was arrested earlier this week in the Bahamas at the request of the U.S. government. The disgraced entrepreneur wasleaving the court in handcuffs on Tuesday.
In the meantime, Reuters recently reported that roughly half a dozen U.S. federal prosecutors are considering bringing criminal charges against Zhao, but the investigation is yet to reach a definitive conclusion.Notably, Bankman-Fried claimed that FTX was"fine" just days before the exchange filed for bankruptcy.
cz_binance I Trust Binance and CZ, You can Handle this problem 💪💪💪
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Outflows soar at crypto exchange Binance, but CEO says it's 'business as usual'Binance, the crypto exchange formerly rivaled by bankrupt FTX, has seen $3 billion in withdrawals in the past 24 hours. FTX founder Sam Bankman-Fried was arrested in the Bahamas and charged with securities fraud in the U.S. Woow Dayyummm House of Cards.
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