FTX on brink of collapse after Binance abandons rescue

Ars Technica
By Financial TimesNov 10, 2022, 9:27 am194 ptsTrending
Enlarge (credit: Leon Neal/Getty Images) FTX is on the brink of collapse as chief Sam Bankman-Fried races to secure billions of dollars to salvage his empire after Binance ditched an eleventh-hour rescue of one of the world’s biggest crypto exchanges. Venture capital firm Sequoia Capital said it would mark…

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