BTC logo
BTC
$108,487.17
2.33%
ETH logo
ETH
$3,902.78
2.55%
USDT logo
USDT
$1.0004
0.02%
BNB logo
BNB
$1,131.94
4.61%
XRP logo
XRP
$2.3374
3.09%
SOL logo
SOL
$186.12
3.57%
USDC logo
USDC
$1.0001
0.01%
TRX logo
TRX
$0.3167
1.20%
DOGE logo
DOGE
$0.1886
3.66%
ADA logo
ADA
$0.6433
3.92%
HYPE logo
HYPE
$36.87
2.00%
USDE logo
USDE
$0.9996
0.04%
LINK logo
LINK
$17.32
4.16%
BCH logo
BCH
$502.28
3.85%
XLM logo
XLM
$0.3103
4.45%
SUI logo
SUI
$2.5112
6.38%
WBT logo
WBT
$41.25
1.34%
LEO logo
LEO
$9.6176
0.02%
AVAX logo
AVAX
$20.63
5.71%
HBAR logo
HBAR
$0.1701
5.10%
BTC logo
BTC
$108,487.17
2.33%
ETH logo
ETH
$3,902.78
2.55%
USDT logo
USDT
$1.0004
0.02%
BNB logo
BNB
$1,131.94
4.61%
XRP logo
XRP
$2.3374
3.09%
SOL logo
SOL
$186.12
3.57%
USDC logo
USDC
$1.0001
0.01%
TRX logo
TRX
$0.3167
1.20%
DOGE logo
DOGE
$0.1886
3.66%
ADA logo
ADA
$0.6433
3.92%
HYPE logo
HYPE
$36.87
2.00%
USDE logo
USDE
$0.9996
0.04%
LINK logo
LINK
$17.32
4.16%
BCH logo
BCH
$502.28
3.85%
XLM logo
XLM
$0.3103
4.45%
SUI logo
SUI
$2.5112
6.38%
WBT logo
WBT
$41.25
1.34%
LEO logo
LEO
$9.6176
0.02%
AVAX logo
AVAX
$20.63
5.71%
HBAR logo
HBAR
$0.1701
5.10%
Finance
Share this article

Why Is Crypto Tanking: The FTX-Binance Drama Explained

The world’s largest crypto exchange, Binance reversed course on a plan to bail out competitor FTX in an event that has shocked the crypto industry and is catching the attention of regulators.

By Sam Kessler
Updated May 9, 2023, 4:02 a.m. Published Nov 9, 2022, 8:39 p.m.
The last two days have generated plenty of drama in the crypto world. (Anton Petrus/Getty Images)
The last two days have generated plenty of drama in the crypto world. (Anton Petrus/Getty Images)