HomeCrypto giant Binance cancels bid to save

Crypto giant Binance cancels bid to save rival and fuels chaos in digital assets

Binance, the world's largest cryptocurrency exchange, said it was reviewing FTX's finances, citing reports of "mismanagement of client funds and an alleged US agency investigation" in announcing the deal was halted. Undo is the latest twist in an exciting, fast-paced saga featuring the most powerful players in the crypto world. It also represents a stunning downfall for Sam Bankman-Fried, the 30-year-old industry star who founded FTX in 2019. Known as SBF, Bankman-Fried has drawn regular comparisons with investment icons like

Read More