Binance, the world’s largest crypto exchange by volume, has signed a letter of intent to buy its closest competitor, FTX, making huge waves in the crypto community after the putative billionaire CEOs of the exchanges engaged in a multi-day public dispute on Twitter.
“It’s like real-life ‘Game of Thrones,’” Alex Taub, founder and CEO of DAO-focused platform Upstream, said to TechCrunch in a message. Today’s acquisition news was bigger than the HBO show’s dramatic “Red Wedding” massacre scene.
FTX was quick to spin the potential sale of its business as a win. “A *huge* thank you to [Changpeng “C
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