FTX Collapse, Binance Takeover – The Two Big Lessons to Learn According to Changpeng Zhao.
These two lessons are also intended to reassure the market about the strength of Binance.
It all started with an investigation by CoinDesk in early November 2022. In its investigation, CoinDesk revealed a big anomaly in the finances of Alameda Research, the trading company of Sam Bankman-Fried, the founder of the FTX exchange.
According to CoinDesk's investigative report, Alameda's balance sheet is dominated by FTT, FTX's native token. This, …