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TheStreet.com
After FTX, Are Binance’s Days Numbered?
This is Changpeng Zhao, the founder and CEO of Binance, the world’s largest cryptocurrency exchange by trading volume. Ironically, it was a tweet from Zhao that sparked the beginning of the end for FTX and its sister company Alameda Research, the two jewels of the Bankman-Fried empire. On November 6, Zhao announced in a post, on Twitter, that his company had made the decision to sell $530 million worth of FTT coins, a cryptocurrency issued by FTX.
