It’s often casually thrown around that crypto moves faster than other industries. That has never been more evident than it was over the past few days.
In case you’ve been living under a rock, Sam Bankman-Fried’s FTX crypto empire has fallen. On Tuesday, the world’s largest crypto exchange, Binance, signed a letter of intent to acquire FTX, a stunning move that shocked the crypto world. But Binance scrapped the rescue deal little more than 24 hours later, raising serious questions about FTX’s future.