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Binance Shocks Crypto World in Move to Buy FTX

Binance Shocks Crypto World in Move to Buy FTX



Billionaire Changpeng “CZ” Zhao consolidated his position atop the crypto world on Tuesday with a stunning move to take over FTX.com, the suddenly troubled firm led by his chief rival and onetime disciple, Sam Bankman-Fried. Bloomberg’s Sonali Basak takes a look at how it impacts the crypto space.