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.

Nov 9, 2022

∙ Paid

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, …

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