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Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto

November 10 (Reuters) – (This story contains language that some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off guard with a grim message. “I’m sorry,” he told them. “I screwed up.” The reason for the mea culpa: its announcement half an hour …

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Binance plans to buy FTX’s non-U.S. operations in latest crypto bailout

WASHINGTON/LONDON, Nov 8 (Reuters) – Crypto giant Binance has signed a non-binding deal to buy non-U.S. unit of FTX rival FTX.com to help cover a “liquidity crunch” to the cryptocurrency exchange, the companies said Tuesday, in a surprise move that raised further concerns about the risks investors face in the volatile crypto market. Binance CEO …

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