Changpeng Zhao

Binance chief says FTX going down ‘not good for anyone’, warns of greater regulatory scrutiny • ZebethMedia

Binance founder and chief executive Changpeng Zhao says FTX “going down is not good for anyone in the industry,” and the ongoing episode has “severely shaken” the confidence of consumers, a day after the world’s largest exchange signed a non-binding agreement to acquire its most formidable rival firm. Zhao said the sudden liquidity crunch at […]

Binance signs letter of intent to acquire FTX • ZebethMedia

Binance has signed a non-binding, letter of intent to acquire FTX, the two firms said, delivering a surprising twist amid the public feud between the world’s two largest crypto exchanges that contributed to several tokens taking a tumble Tuesday. The firms didn’t disclose the value of the deal, which is pending the due diligence process. […]

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