How Binance played a key role as FTX collapse unfolded

[AJBot]

Cryptocurrency exchange run by Changpeng Zhao pulled out of deal to rescue its rivalCrypto exchange FTX files for bankruptcy protection in USWhat happened to FTX and could the crisis harm the rest of crypto?One of the world’s largest cryptocurrency exchanges, FTX, has collapsed, with what is reported to be an $8bn (£6.8bn) black hole on its balance sheet. Of its 1 million users, many are now unable withdraw their funds. On Friday, the FTX group, run from offices in America but headquartered in the Bahamas, filed for bankruptcy protection in the US.FTX’s rival, Binance, has played a key ro ...

Continue reading the above news article, by clicking here.

Administration and Moderation NOTE: A Reminder, the above news is provided for free, through a RSS Feed. The above quote does NOT include the full story. In order to continue to read more past what is quoted, please click through to the article, by clicking on the link provided above through the "continue reading" text.

Please be sensible and follow our terms of service and rules, when replying and debating the news article.