The Head of FTX Explained The End of Their Partnership With Binance
Recently FTX bought back their stocks earlier sold to Binance. The CEO of the crypto exchange, Sam Bankman-Fried, explained this move by the need to enhance the company’s flexibility. In addition, their views of running the business are too different from those of Binance.
Binance is now struggling with a bunch of accusations from the regulators. Bankman-Fried doesn’t stick to any of the sides but supposes that flexibility is the key to success of not having to deal with the regulating issues in the future.
However, he made it clear that he doesn’t approve of the way Binance handles these problems. Bankman-Fried says he would have acted in the similar situation differently. Anyway, he believes that Binance made a good fortune on the investments and this can be called a happy end.