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Binance Walks Away From FTX Bailout

Changpeng Zhao moved fast when Sam Bankman-Fried’s FTX.com was on the brink, offering to take it over and stem any further crypto contagion. His Binance just as quickly walked away from the beleaguered exchange, leaving the fate of its onetime chief rival uncertain. Sonali Basak has more on “Bloomberg Markets: The Close.” Follow Bloomberg for business news…

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Changpeng Zhao moved fast when Sam Bankman-Fried’s FTX.com was on the brink, offering to take it over and stem any further crypto contagion. His Binance just as quickly walked away from the beleaguered exchange, leaving the fate of its onetime chief rival uncertain. Sonali Basak has more on “Bloomberg Markets: The Close.”

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24 Comments

24 Comments

  1. manonamission2000

    November 9, 2022 at 9:38 pm

    Binance said: Bye-Nance!

  2. Guttulus

    November 9, 2022 at 10:19 pm

    lol. he got a free look behind their books and then blame it all on Sam.

    • J

      November 9, 2022 at 10:49 pm

      CZ played this well

    • Casual Take

      November 9, 2022 at 11:03 pm

      You would too if you have 2 billion asset in it

  3. David Walsh

    November 9, 2022 at 10:22 pm

    This isn’t good for crypto in the short term

    Long term… the technology will win out

  4. Chris Arellano

    November 9, 2022 at 10:29 pm

    DeFi takeover incoming

  5. A O

    November 9, 2022 at 10:54 pm

    Lol, SEC “E” stands for exchange.
    Certain cryptos are and some are not securities so it truly falls under both the SEC AND CFTC.

  6. hangender

    November 9, 2022 at 10:54 pm

    Binance was like fawk this I’m audi

  7. F.M.Alexander.

    November 9, 2022 at 11:02 pm

    HEX users unafected per usual – ????

  8. Lee

    November 9, 2022 at 11:19 pm

    CZ is playing with Bankman-Fried… ????????????

  9. TEDDY MOON

    November 9, 2022 at 11:47 pm

    CLASSIC@ $

  10. GrimX

    November 9, 2022 at 11:49 pm

    Ponzi finally popped? Call me surprised

  11. Pete Sampras

    November 10, 2022 at 12:13 am

    I realized that the secret to making a million is saving for a better investment. I always tell myself you don’t need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I’m rounding up close to a million.

    • MΔRҜ J ҜΩHLΣR

      November 10, 2022 at 1:03 am

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    • āęmęlįo çęāşęŗ

      November 10, 2022 at 1:04 am

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    • Carl Frederickson

      November 10, 2022 at 1:06 am

      I’m happy to see Mrs Camille Anne Hector mentioned here, my spouse recommended her to me after investment $8k and she has really helped us financially in times of covid-19 lockdown here in Australia

    • David Floy????️

      November 10, 2022 at 1:07 am

      Got a chance to benefit from her trading services a few weeks ago and it was a very smooth experience

    • Isaac's Sanderson

      November 10, 2022 at 1:08 am

      agreed, I know a lot of people who were smiling in the crash because of Expert Camille Anne Hector.

  12. Emmy Brown

    November 10, 2022 at 12:17 am

    Amazing video and thank you for breaking it down!! Despite the economic

    • Charity King

      November 10, 2022 at 1:13 am

      @Elizabeth Holman l’m so sure! She’s very active on
      What’s Apk”

    • Charity King

      November 10, 2022 at 1:14 am

      She’s active with this +???????????????????????????????????????????? ☎️

    • Charity King

      November 10, 2022 at 1:14 am

      she will guide you ☝️

    • Brenda Harmon

      November 10, 2022 at 1:15 am

      I have also been trading with her. The profits are secured and over a 90% return on investment directly sent to your wallet.

  13. Deesus

    November 10, 2022 at 12:39 am

    Do Kwon wiped out 60b lol.
    Sam 10b.

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