Binance Founder CZ Says SBF Sought Bailout Before FTX Collapse
Changpeng Zhao said in an April 14 Fox Business interview that Sam Bankman-Fried requested funds shortly before FTX collapsed, with the amount reportedly shifting from $2 billion.
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Terms & Concepts
FTX: A collapsed cryptocurrency exchange formerly led by Sam Bankman-Fried.
Bailout: Emergency financial support intended to prevent an institution from failing.
Crypto exchange: A platform where users buy, sell, or trade digital assets such as Bitcoin and Ethereum.