Binance's leader says he will be more critical of industry rivals going forward.
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Binance CEO CZ on FTX crash: “We’ve been set back a few years”Brace for greater regulatory scrutiny, warns CZ to the crypto ecosystem. 'Probably a good thing,' he added.
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US Justice Department, Regulators Contacted Binance on FTX Talks: SourceSCOOP: U.S. and European authorities – including the U.S. Department of Justice – have contacted Binance, asking the exchange to share what it knows about FTX after the companies’ rescue negotiations fell apart. jesseahamilton reports
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Bitcoin Dips to 2-Year Low as Binance Backs Out of FTX DealBitcoin (BTC) dropped to its lowest level in two years on Wednesday as traders processed the news that Binance retreated from an earlier plan to buy troubled exchange FTX. Citi’s Digital Asset Analyst Joe Ayoub discusses the performances of BNB and FTT tokens and other players affected by the FTX crisis. Plus, an outlook on the stumbling market.
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How Crypto Giant FTX Suddenly Imploded - The Journal. - WSJ PodcastsOnce a leader in the world of cryptocurrency, Sam Bankman-Fried’s crypto exchange FTX is scrambling for funds. It’s now facing a shortfall of $8 billion after Binance walked away from a rescue attempt. WSJ’s Caitlin Ostroff on what this means for the crypto ecosystem. Further Reading: -Tensions Between Crypto Giants FTX, Binance Spill Into Public View -Binance’s Deal for Rival FTX Marks Power Shift Amid Crypto Turmoil -The 30-Year-Old Spending $1 Billion to Save Crypto Further Listening: -The Rise of Binance - And The Effort to Reel it In -The ‘Death Spiral’ of a Stablecoin
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FTX files for Chapter 11 bankruptcyThe bankruptcy filing followed the dramatic collapse of FTX and a failed acquisition deal involving Binance.
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FTX's U.S. business is in troubleFTX US is separate from FTX, but its fate is likely to be equal.
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