{"id":7757,"date":"2022-11-08T18:46:19","date_gmt":"2022-11-08T17:46:19","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/11\/08\/binance-to-buy-ftx-in-major-cryptocurrency-exchange-merger\/"},"modified":"2022-11-08T18:46:19","modified_gmt":"2022-11-08T17:46:19","slug":"binance-to-buy-ftx-in-major-cryptocurrency-exchange-merger","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/11\/08\/binance-to-buy-ftx-in-major-cryptocurrency-exchange-merger\/","title":{"rendered":"Binance to buy FTX in major cryptocurrency exchange merger"},"content":{"rendered":"

Public squabble between the two largest offshore exchanges\u2019 bosses led to run on FTX and forced sale<\/p>\n

The two largest offshore cryptocurrency exchanges are merging, after a week of public squabbling between Binance\u2019s chief executive, Changpeng Zhao, and FTX\u2019s boss, Sam Bankman-Fried, triggered a bank run at the latter\u2019s exchange and an embarrassing forced sale on Tuesday.<\/p>\n

\u201cThis afternoon, FTX asked for our help,\u201d tweeted Zhao. \u201cThere is a significant liquidity crunch. To protect users, we signed a non-binding [letter of intent], intending to fully acquire FTX.com.\u201d<\/p>\n

Continue reading…<\/a>
\nPublic squabble between the two largest offshore exchanges\u2019 bosses led to run on FTX and forced sale
\nThe two largest offshore cryptocurrency exchanges are merging, after a week of public squabbling between Binance\u2019s chief executive, Changpeng Zhao, and FTX\u2019s boss, Sam Bankman-Fried, triggered a bank run at the latter\u2019s exchange and an embarrassing forced sale on Tuesday.
\n\u201cThis afternoon, FTX asked for our help,\u201d tweeted Zhao. \u201cThere is a significant liquidity crunch. To protect users, we signed a non-binding [letter of intent], intending to fully acquire FTX.com.\u201d Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Public squabble between the two largest offshore exchanges\u2019 bosses led to run on FTX and forced sale The two largest offshore cryptocurrency exchanges are merging, after a week of public squabbling between Binance\u2019s chief executive, Changpeng Zhao, and FTX\u2019s boss, Sam Bankman-Fried, triggered a bank run at the latter\u2019s exchange and an embarrassing forced sale …<\/p>\n

Binance to buy FTX in major cryptocurrency exchange merger<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":7758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7757"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=7757"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/7758"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=7757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=7757"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=7757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}