BTC logo
BTC
$106,982.30
1.55%
ETH logo
ETH
$3,876.10
3.88%
USDT logo
USDT
$1.0006
0.02%
BNB logo
BNB
$1,090.17
2.07%
XRP logo
XRP
$2.3406
2.65%
SOL logo
SOL
$184.79
1.66%
USDC logo
USDC
$1.0001
0.01%
TRX logo
TRX
$0.3137
1.56%
DOGE logo
DOGE
$0.1871
2.18%
ADA logo
ADA
$0.6299
1.23%
USDE logo
USDE
$0.9998
0.03%
HYPE logo
HYPE
$35.50
5.46%
LINK logo
LINK
$16.75
1.92%
XLM logo
XLM
$0.3149
6.54%
BCH logo
BCH
$465.89
0.49%
SUI logo
SUI
$2.4683
3.73%
WBT logo
WBT
$40.80
1.43%
LEO logo
LEO
$9.4024
2.32%
AVAX logo
AVAX
$19.97
4.71%
HBAR logo
HBAR
$0.1643
3.89%
BTC logo
BTC
$106,982.30
1.55%
ETH logo
ETH
$3,876.10
3.88%
USDT logo
USDT
$1.0006
0.02%
BNB logo
BNB
$1,090.17
2.07%
XRP logo
XRP
$2.3406
2.65%
SOL logo
SOL
$184.79
1.66%
USDC logo
USDC
$1.0001
0.01%
TRX logo
TRX
$0.3137
1.56%
DOGE logo
DOGE
$0.1871
2.18%
ADA logo
ADA
$0.6299
1.23%
USDE logo
USDE
$0.9998
0.03%
HYPE logo
HYPE
$35.50
5.46%
LINK logo
LINK
$16.75
1.92%
XLM logo
XLM
$0.3149
6.54%
BCH logo
BCH
$465.89
0.49%
SUI logo
SUI
$2.4683
3.73%
WBT logo
WBT
$40.80
1.43%
LEO logo
LEO
$9.4024
2.32%
AVAX logo
AVAX
$19.97
4.71%
HBAR logo
HBAR
$0.1643
3.89%
Finance
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Why Is Crypto Tanking: The FTX-Binance Drama Explained

The world’s largest crypto exchange, Binance reversed course on a plan to bail out competitor FTX in an event that has shocked the crypto industry and is catching the attention of regulators.

By Sam Kessler
Updated May 9, 2023, 4:02 a.m. Published Nov 9, 2022, 8:39 p.m.
The last two days have generated plenty of drama in the crypto world. (Anton Petrus/Getty Images)
The last two days have generated plenty of drama in the crypto world. (Anton Petrus/Getty Images)