Binance made $2.1 billion from the deal and FTX no longer had to worry about a competitor owning a part of its business. Some of it was paid in FTD tokens and CZ held on to those tokens, biding his time as each day passed by. In the meantime, Sam apparently started whispering nasty things about Binance to US regulators. And maybe this is when Sam shot himself in the foot.
In today's episode for 10th November 2022, we offer an oversimplified explanation of how the second-largest crypto exchange platform almost went bust.