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So wouldn't this trigger and potentially be blocked by CFIUS? Given Binance's Chinese roots and the general anti-China sentiment in US politics. Here is an art

So wouldn't this trigger and potentially be blocked by CFIUS? Given Binance's Chinese roots and the general anti-China sentiment in US politics. Here is an article about the twitter acquisition also with Binance/CZ onboard - this would similar or worse, no?: https://www.brookings.edu/research/the-national-security-grounds-for-investigating-musks-twitter-acquisition/ https://www.brookings.edu/research/the-national-security-gro... The national security grounds for investigating Musk’s Twitter acquisition

ajaimk 4y ago
"Note that http://FTX.us http://FTX.us and http://Binance.us http://Binance.us – two separate companies–are not currently impacted by this."
throwaway4good 4y ago
This is article says it is only the non-US part of FTX that is in play: https://www.cnbc.com/2022/11/08/binance-offers-to-buy-ftxs-non-us-operations-to-fix-liquidity-crunch.html https://www.cnbc.com/2022/11/08/binance-offers-to-buy-ftxs-n... Binance offers to buy FTX’s non-U.S. operations to fix ‘liquidity crunch’ The acquisition impacts only the non-US businesses, FTX.com. FTX.us will remain independent of Binance. The deal, according to Tweets from both Zhao and Bankman-Fried, rests on a non-binding letter of intent, pending full due diligence.
- JumpCrisscross 4y ago
  > it is only the non-US part of FTX that is in play The U.S. subsidiary had to follow rules that made FTX’s shenanigans more difficult.
redox99 4y ago
Isn't ftx.com[1] from the bahamas, and binance from the cayman islands? [1] Not ftx.us, which is not getting bought
drak0n1c 4y ago
CZ has shut down the China branch, and was essentially banned since their crypto crackdown. He has been publicly critical of the CCP government too. The gov may not have much leverage over him.
- eunos 4y ago
  Some ASPI analysts believed that one of the feature of MSS is their ability to co-opt Liberals to work for them. I'm not surprised if NSC would suspect anybody that intersected with Chinese govt. Dissidents included.

ajaimk 4y ago

"Note that http://FTX.us http://FTX.us and http://Binance.us http://Binance.us – two separate companies–are not currently impacted by this."

throwaway4good 4y ago

This is article says it is only the non-US part of FTX that is in play: https://www.cnbc.com/2022/11/08/binance-offers-to-buy-ftxs-non-us-operations-to-fix-liquidity-crunch.html https://www.cnbc.com/2022/11/08/binance-offers-to-buy-ftxs-n... Binance offers to buy FTX’s non-U.S. operations to fix ‘liquidity crunch’ The acquisition impacts only the non-US businesses, FTX.com. FTX.us will remain independent of Binance. The deal, according to Tweets from both Zhao and Bankman-Fried, rests on a non-binding letter of intent, pending full due diligence.

JumpCrisscross 4y ago
> it is only the non-US part of FTX that is in play The U.S. subsidiary had to follow rules that made FTX’s shenanigans more difficult.

redox99 4y ago

Isn't ftx.com[1] from the bahamas, and binance from the cayman islands? [1] Not ftx.us, which is not getting bought

drak0n1c 4y ago

CZ has shut down the China branch, and was essentially banned since their crypto crackdown. He has been publicly critical of the CCP government too. The gov may not have much leverage over him.

eunos 4y ago
Some ASPI analysts believed that one of the feature of MSS is their ability to co-opt Liberals to work for them. I'm not surprised if NSC would suspect anybody that intersected with Chinese govt. Dissidents included.