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In FTX Collapse, Binance Sees a Chance to Become the New Face of Crypto

Mr. Zhao founded Binance after a brief career in finance, including a stint at Bloomberg, where he built trading software. He created the exchange when he was living in Shanghai.But […]




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Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed

The day before the embattled cryptocurrency exchange FTX filed for bankruptcy, Changpeng Zhao, the chief executive of the rival exchange Binance, sent an alarmed text to Sam Bankman-Fried, FTX’s founder.Mr. […]




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The Crypto Industry Struggles for a Way Forward After FTX Collapse

“For us, this is actually a great moment,” said Jeremy Allaire, the chief executive of the crypto payments company Circle. “We’re delivering real value, and the people who focused on […]







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Caroline Ellison Was a Little-Known Crypto Trader. Then FTX Collapsed.

When his cryptocurrency exchange started teetering in early November, Sam Bankman-Fried went on Twitter to calm everyone down. FTX was fine, he insisted. Nothing to worry about. Joining him in […]




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How Sam Bankman-Fried’s FTX Crypto Empire Collapsed

“We won’t pretend to make love after divorce,” Mr. Zhao wrote on Twitter. “We won’t support people who lobby against other industry players behind their backs.”When FTX collapsed, Mr. Zhao […]




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FTX Files for Bankruptcy As CEO Sam Bankman-Fried Resigns

The bankruptcy is a stunning fall from grace for the 30-year-old Mr. Bankman-Fried, who cultivated a reputation as a boy genius with a host of endearing quirks, including a habit […]