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Not sure why Binance is not listed in Investors, as they are actually the first investor in FTX. https://twitter.com/SBF_FTX/status/1590012124864348160 https:/
by moondowner 4y ago
Not sure why Binance is not listed in Investors, as they are actually the first investor in FTX.
https://twitter.com/SBF_FTX/status/1590012124864348160 https://twitter.com/SBF_FTX/status/1590012124864348160
- smcl 4y agoThey appear in the right-most column a little further down the page, with $580m of "funds" locked up in FTX. If I recall correctly they sold their stake in FTX for a quantity of tokens like FTT, and it was the (ultimately unsuccessful) attempt to sell these that triggered the beginning of the collapse.
- anonymoushn 4y agoSBF bought out their share in FTX (using stolen customer deposits) in 2021: https://decrypt.co/76584/ftx-ceo-sam-bankman-fried-why-bought-out-binance-investment-shares-exit https://decrypt.co/76584/ftx-ceo-sam-bankman-fried-why-bough...