Oct 27, 10:26 pm
Decrypt
Sam Bankman-Fried Deliberate to Promote FTX to Binance From the Starting
In his court docket testimony, Sam Bankman-Fried revealed that he had meant to promote FTX to Binance when the alternate was nonetheless in its early phases. Bankman-Fried believed that FTX’s specialization in margin buying and selling would appeal to the curiosity of an alternate like Binance. Nevertheless, Binance in the end backed out of the potential acquisition. FTX noticed important development, with income reaching $3 million per day in 2021.