2 min listen
What Binance’s Axed FTX Buyout Means for the Cryptoverse
FromBloomberg Crypto
ratings:
Length:
14 minutes
Released:
Nov 11, 2022
Format:
Podcast episode
Description
The equivalent of an earthquake jolted the crypto world this week: Binance, the world’s largest cryptocurrency exchange, announced and then quickly reversed a proposal to buy out rival exchange FTX, which was reportedly facing a liquidity crisis and on the brink of collapse.
The companies are each owned by two of the most well known CEOs in crypto: Sam Bankman-Fried at FTX, who has been touted as crypto’s version of legendary banker J.P. Morgan, and Binance CEO Changpeng Zhao, known as “CZ.”
Meanwhile, Bloomberg reported that US authorities, including the Securities and Exchange Commission, are reviewing FTX for improper use of customer funds. Bloomberg’s senior crypto editor Philip Lagerkranser updates this moving story with fellow Bloomberg senior crypto editor Anna Irrera in this episode.See omnystudio.com/listener for privacy information.
The companies are each owned by two of the most well known CEOs in crypto: Sam Bankman-Fried at FTX, who has been touted as crypto’s version of legendary banker J.P. Morgan, and Binance CEO Changpeng Zhao, known as “CZ.”
Meanwhile, Bloomberg reported that US authorities, including the Securities and Exchange Commission, are reviewing FTX for improper use of customer funds. Bloomberg’s senior crypto editor Philip Lagerkranser updates this moving story with fellow Bloomberg senior crypto editor Anna Irrera in this episode.See omnystudio.com/listener for privacy information.
Released:
Nov 11, 2022
Format:
Podcast episode
Titles in the series (100)
Introducing: Bloomberg Crypto by Bloomberg Crypto