Binance’s purchase of Sam Bankman-Fried’s FTX caps a colorful human drama.
The billionaires who run the two largest crypto trading platforms have set themselves apart from one another at every turn, often acidly.
FTX. “I’m sorry I didn’t do better,” Bankman-Fried later wrote in a letter to investors obtained by independent journalist Eric Newcomer.On Wednesday, the two largest cryptocurrencies — bitcoin and ethereum — dropped 10 percent and 12 percent respectively, deepening a decline that began on Tuesday after the FTX deal was announced.
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