On Tuesday, the world’s largest crypto exchange, Binance, announced it signed a nonbinding letter of intent to acquire one of its biggest rivals: FTX, headed by Sam Bankman-Fried.
The man called SBF was recently hailed as crypto’s “JPMorgan” as he rode to the rescue of distressed rivals during the Crypto Winter’s first downturn, much as the legendary banker himself did a century ago.
