Crypto Exchange FTX Collapses After Failed Deal with Binance

The FTX Crash: What Happened and Could Binance Be Next?

Is FTX’s Collapse Solely Due to Fraud? Binance Challenges $1.76B

Over the past week

Over the past week, the founders of two of the largest cryptocurrency exchanges – Binance and FTX – have had a public Twitter spat that triggered the collapse of

Binance will abandon its deal to rescue Sam Bankman-Fried’s FTX cryptocurrency exchange, citing concerns about its business practices and investigations by

What May Happen to FTX After Binance’s Withdrawal - Watcher

News of FTX

News of FTX’s insolvency has hit the platform and the wider crypto industry hard. Customers withdrew about $6 billion from FTX in the 72 hours before it paused

Crypto exchange Binance pulls out of acquisition for rival FTX

Binance ditches deal to rescue rival crypto exchange FTX

Let

Let’s dive into the FTX disaster, its implications, and whether Binance faces similar risks. The FTX Collapse: A Quick Recap. FTX, once a $32 billion titan of the crypto

Here’s the rundown on the Binance and FTX fiasco

Like other crypto currency companies before it, FTX paused withdrawals on Tuesday, shortly before announcing the potential strategic transaction with Binance. However

To add fuel to fire

To add fuel to fire, FTX halted all withdrawals and temporarily paused deposits on the exchange. SBF also confirmed that FTX needs $8 billion in emergency funds to cover all shortfalls. In short, SBF and FTX are now in deep trouble and the exchange could go

“As part of Binance’s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT),” Zhao said in a thread of tweets

Cryptocurrencies: why Binance’s failed FTX rescue deal could mean

The FTX estate has not

The FTX estate has not yet filed a response to Binance’s motion. FTX plans to pay back more than $5 billion to creditors as it operates through bankruptcy, having filed

The Collapse of FTX: What Went Wrong With the Crypto Exchange?