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Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover After First Glance at Books: Source

Backing out would be one more stunning development in the collapse of Sam Bankman-Fried’s crypto empire.

Binance CEO Changpeng Zhao and FTX CEO Sam Bankman-Fried (CoinDesk)
Binance CEO Changpeng Zhao and FTX CEO Sam Bankman-Fried (CoinDesk)