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    Tag: Changpeng Zhao

    Binance Lost $12 Billion in Less Than 60 Days

    A recent analysis by Forbes showed that over $12 billion, equivalent to 25% in assets have flowed out of Binance over the past two months, led by BUSD and BNB.

    Binance Completes Tokocrypto Acquisition, TKO Tokens Spike 10%

    CZ confirmed that Binance has been a major shareholder of Tokocrypto since 2020, but has pumped more money to increase ownership of this Indonesian exchange.

    The Block CEO Resigns After Disclosing Secret Loan to Alameda Research

    Shocking news continues to hit the crypto market, most recently the relationship between The Block and Alameda Research fund.

    Binance Recovery Fund Will Be Worth $1 Billion

    CEO Changpeng Zhao (CZ) said that Binance is targeting a recovery fund worth about $1 billion to help struggling crypto companies.

    At Least 20 Billionaires Got Hit By FTX Collapse

    Cryptory.net - Even veteran billionaires in the financial and investment industries like Softbank’s Masayoshi Son also got burnt by the FTX crisis.

    FTX Files For Bankruptcy, Sam Bankman-Fried Resigns as CEO

    Cryptory.net - FTX filed for Chapter 11 bankruptcy in the U.S., such a sad ending for one of the top exchanges.

    Binance Backs Out of FTX Acquisition – FTT Price Slips Toward $2

    Just a day after making the deal, leading cryptocurrency exchange Binance canceled its offer to rescue FTX.

    Bankman-Fried Apologizes to FTX Investors After Binance Deal

    Cryptory.net - FTX CEO wrote a letter to traders to apologize for a lack of communication about its financial dealings with Binance.

    Is This Another Terra-Style Collapse? Binance – FTX Drama Summary

    FTX’s native token FTT experienced a volatile weekend as Binance dumped all of its FTT holdings “Due to recent revelations that have come to light,” CEO Changpeng Zhao (CZ) confirmed.