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EMERGENCY POD: FTX sells to Binance with Vinny Lingham and Sunny Madra | E1607
This Week in Startups
What's Going on With Binance and FTX?
Sunny: I thought all of this stuff was supposed to be on the blockchain and completely transparent. Isn't that the value of crypto? Yes, I know, but how confusing was going on? JK: These exchanges are centralized and they're showing that they're kind of some weakness. Sunny: Let me just add a couple other interesting tidbits because they add the right color to it. So Binance was actually an investor in FTX. And that's how they ended up with their FTT token.
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