Binance


Opinion

The Story of Sam Bankman-Fried’s Backroom Deal With Binance’s CZ

Binance, after exacerbating a bank run on rival crypto exchange FTX, offered to buy out the jewel in SBF's crown.

FTX CEO Sam Bankman-Fried (Alex Wong/Getty Images)

Markets

Binance Exchange's BNB Token Leads Broad Crypto Rebound After FTX Bailout Offer

The exchange token used within the Binance trading environment jumped 20%, leading a broad rebound in crypto markets that had been in free fall over acute speculation that the rival FTX exchange might be facing a rapid run on deposits.

BNB, Binance's token, jumped to as high as almost $400 to the news that Binance and FTX reached a deal. (TradingView)

Policy

FTX, Binance Deal Draws Antitrust Concern

Regulators have tough powers to stop mergers that quash competition

FTX CEO Sam Bankman-Fried and Binance CEO Changpeng "CZ" Zhao (CoinDesk)

Finance

Bitcoin, Crypto-Linked Equities Resume Falling Despite Binance/FTX Deal

Questions about the solvency of FTX were picking up speed on Tuesday morning until Binance announced a non-binding LOI to acquire the crypto exchange.

(Spencer Platt/Getty Images)

Finance

FTX Agrees to Sell Itself to Rival Binance Amid Liquidity Scare at Crypto Exchange

The two crypto exchange giants signed a non-binding letter of intent, Binance CEO Changpeng "CZ" Zhao confirmed on Twitter.

FTX CEO Sam Bankman-Fried and Binance CEO Changpeng "CZ" Zhao (CoinDesk)

Finance

Sam Bankman-Fried No Longer a Billionaire After $14.6B Wipeout: Bloomberg

The FTX CEO lost an estimated $14.6 billion dollars – nearly 94% of his total wealth – according to the Bloomberg Billionaire Index.

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Videos

Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet

FTX CEO Sam Bankman-Fried is denying insolvency rumors plaguing the crypto exchange, tweeting in part "FTX has enough to cover all client holdings." This comes after CoinDesk revealed the balance sheet of FTX's sister company Alameda Research was loaded with FTX's native exchange token FTT. Binance CEO Changpeng "CZ" Zhao, a sizable owner of FTT, said his exchange would begin liquidating any remaining FTT it held on its books. CoinDesk Deputy Managing Editor Tracy Wang discusses the developments.

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Markets

Solana Falls and Speculation Centers on Links to Sam Bankman-Fried’s FTX, Alameda

The SOL token fell 4.7% in the past 24 hours, and crypto traders are forming all sorts of theories as to why.

(Danny Nelson/CoinDesk)

Videos

Sam Bankman-Fried Denies FTX Insolvency Rumors as Binance Moves to Liquidate FTT Tokens

Traders are scurrying to hedge against a potential slide in crypto exchange FTX's native token, FTT, in the wake of Binance's decision to liquidate FTT holdings and controversy surrounding sister company Alameda Research's balance sheet. This comes as FTX CEO Sam Bankman-Fried tweeted in part that "FTX is fine. Assets are fine." "The Hash" panel discusses the latest developments after CoinDesk published a story revealing that Alameda's balance sheet was loaded with FTT.

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Markets

First Mover Americas: Binance Dumps FTT Tokens

The latest price moves in crypto markets in context for Nov. 7, 2022.

Binance CEO Changpeng Zhao at Consensus Singapore 2018 (CoinDesk)