Bloomberg Technology

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

  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

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    November 10, 2022 at 12:13 am

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    • MΔRҜ J ҜΩHLΣR

      November 10, 2022 at 1:03 am

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  12. Emmy Brown

    November 10, 2022 at 12:17 am

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

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    • Charity King

      November 10, 2022 at 1:14 am

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  13. Deesus

    November 10, 2022 at 12:39 am

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

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