A Dynamic Duo of Young Billionaires to Prevent Crypto from Collapsing
— Sam bankman, Reuters investigation published, Personal fortunes, Systemically important crypto banks, Mining companies, Many companies, Voyager digital, Photo, Bought naming rights, Fill 2 — 1 min read
Changpeng Zhao and Sam Bankman-Fried are stepping up and seeking to'stop the contagion' Zhao, 44, is the founder and CEO of Binance, the world's largest cryptocurrency exchange by trading volume. The two men are morphing into a kind of dynamic duo of the blockchain world, swooping in to bail out companies struggling a seemingly relentless "crypto winter" FTX recently inked a deal with BlockFi that gives the exchange the option to buy the troubled crypto lender for up to $240 million. Zhao said he believed the blockchain industry had "shown tremendous resilience" despite the crypto market collapse that has wiped out more than $2 trillion in value in just a few months. Some analysts say the two billionaires don't believe in throwing good money after Source