{"id":7825,"date":"2022-11-11T17:37:14","date_gmt":"2022-11-11T16:37:14","guid":{"rendered":"https:\/\/costops.com\/index.php\/2022\/11\/11\/how-binance-played-a-key-role-as-ftx-collapse-unfolded\/"},"modified":"2022-11-11T17:37:14","modified_gmt":"2022-11-11T16:37:14","slug":"how-binance-played-a-key-role-as-ftx-collapse-unfolded","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/11\/11\/how-binance-played-a-key-role-as-ftx-collapse-unfolded\/","title":{"rendered":"How Binance played a key role as FTX collapse unfolded"},"content":{"rendered":"<p>Cryptocurrency exchange run by Changpeng Zhao pulled out of deal to rescue its rival<\/p>\n<p>One of the world\u2019s largest cyrptocurrency exchanges, FTX, has collapsed, with what is reported to be an $8bn (\u00a36.8bn) black hole on its balance sheet. Of its 1 million users, many are now unable withdraw their funds. On Friday the FTX group, run from offices in America but headquartered in the Bahamas, filed for bankruptcy protection in the US.<\/p>\n<p>FTX\u2019s rival, Binance, has played a key role in the saga. Here is a step by step account of how the disaster unfolded.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/nov\/11\/binance-ftx-collapse-cryptocurrency-exchange-changpeng-zhao\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/bdaaac7d8419602d618dcf2552a96cca151a667e\/0_86_2994_1796\/master\/2994.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=5a8293299735913a92784d656b8fb05d\" title=\"How Binance played a key role as FTX collapse unfolded\" \/>Cryptocurrency exchange run by Changpeng Zhao pulled out of deal to rescue its rival<br \/>\nOne of the world\u2019s largest cyrptocurrency exchanges, FTX, has collapsed, with what is reported to be an $8bn (\u00a36.8bn) black hole on its balance sheet. Of its 1 million users, many are now unable withdraw their funds. On Friday the FTX group, run from offices in America but headquartered in the Bahamas, filed for bankruptcy protection in the US.<br \/>\nFTX\u2019s rival, Binance, has played a key role in the saga. Here is a step by step account of how the disaster unfolded. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency exchange run by Changpeng Zhao pulled out of deal to rescue its rival One of the world\u2019s largest cyrptocurrency exchanges, FTX, has collapsed, with what is reported to be an $8bn (\u00a36.8bn) black hole on its balance sheet. Of its 1 million users, many are now unable withdraw their funds. On Friday the FTX &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/11\/11\/how-binance-played-a-key-role-as-ftx-collapse-unfolded\/\"> <span class=\"screen-reader-text\">How Binance played a key role as FTX collapse unfolded<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":7826,"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\/7825"}],"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=7825"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/7826"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=7825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=7825"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=7825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}