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Part 1: Binance Buying FTX | CZ vs SBF

Bankless

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FTX's Financial Crisis and Strategic Moves

This chapter explores the escalating financial troubles of FTX and Alameda Research, focusing on their reliance on the FTT token amidst reports of halted customer withdrawals. The discussion highlights the chaotic timeline of events, negotiations with Binance, and the shifting power dynamics in the cryptocurrency landscape. It reflects on the urgency for liquidity and the ironic twist of FTX transitioning from a market rescuer to facing its own collapse.

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