Odaily Planet Daily broke the news 💥 that Michael Lewis, author of "The Big Short", revealed an equity story between FTX and Binance in his new book "Going Infinite". 📖It is said that in the face of increasingly stringent regulatory scrutiny, especially the requirements for FTX investor lists and personal details, SBF believes that maintaining CZ as the second largest shareholder of FTX is no longer in the long-term interests of the company. 🚀
A former Binance employee revealed that CZ seemed somewhat reluctant to provide private information such as family and residence when asked. 😶In order to avoid regulatory pressure, SBF proposed to CZ in mid-2021 to repurchase the FTX shares it purchased for US$80 million at the end of 2019. 💰CZ asked for $2.2 billion, and despite the high price, SBF agreed to pay. 🤝
However, when the two parties were about to sign a formal agreement, CZ suddenly requested an additional $75 million. 😱SBF agreed to this additional fee and ultimately completed the share buyback. 🎉This event once again proves the huge potential and attractiveness of the Bitcoin market. 🌟Let us continue to pay attention to the global regulatory dynamics, industry trends and cryptocurrency news of blockchain, and jointly witness the brilliant future of Bitcoin! 🚀
A former Binance employee revealed that CZ seemed somewhat reluctant to provide private information such as family and residence when asked. 😶In order to avoid regulatory pressure, SBF proposed to CZ in mid-2021 to repurchase the FTX shares it purchased for US$80 million at the end of 2019. 💰CZ asked for $2.2 billion, and despite the high price, SBF agreed to pay. 🤝
However, when the two parties were about to sign a formal agreement, CZ suddenly requested an additional $75 million. 😱SBF agreed to this additional fee and ultimately completed the share buyback. 🎉This event once again proves the huge potential and attractiveness of the Bitcoin market. 🌟Let us continue to pay attention to the global regulatory dynamics, industry trends and cryptocurrency news of blockchain, and jointly witness the brilliant future of Bitcoin! 🚀