After Binance CEO Changpeng Zhao said he planned to sell his stash of those tokens, FTX customers panicked and rushed to withdraw their money-a run on the exchange that led FTX to file for bankruptcy and Bankman-Fried to embark on a still-ongoing apology tour that could very well end with him behind bars.īankman-Fried’s loss has unquestionably been CoinDesk’s editorial gain: The site’s readership doubled to almost 17 million page views in November, according to internal company data, as its coverage has outpaced competition from traditional newsrooms like The Wall Street Journal and The New York Times. March 27 (Reuters) - The worlds biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. It raised questions about the firms’ solvency and the tokens’ value. Binance CEO Changpeng CZ Zhou recently announced that. A CoinDesk story last month broke the news that Sam Bankman-Fried’s hedge fund, Alameda Research, was dangerously overexposed to tokens issued by his crypto exchange, FTX. The second richest crypto billionaire Sam Bankman-Fried is the founder of both FTX and Alameda. Their reporting lit the fuse that sparked the greatest conflagration in the industry’s history. “But it felt like it was in a bubble, like the reality of what was happening around it was not quite apparent in the conversations.”Ĭasey and his CoinDesk team know all too well about that implosion-and its consequences. “It was surprisingly upbeat,” Casey said. Though the crypto industry was in Lehman levels of distress, Casey had managed to attend several straight days of parties connected to the Art Basel festival. Michael Casey, chief content officer of the crypto news site CoinDesk, was at his Westchester County, N.Y., home on Monday, recovering from a trip to Miami the previous week. Binance is looking to invest in banks and become a minority investor in traditional financial institutions.
0 kommentar(er)
