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Binance inches closer to illegal monopoly status after engineering FTX blowup

CoinGeek LogoCoinGeek1w ago

Binance inches closer to illegal monopoly status after engineering FTX blowup - CoinGeek

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The post Binance inches closer to illegal monopoly status after engineering FTX blowup appeared first on CoinGeek.

But the reality is that if Zhao was as worried about the health and confidence of the industry as he claimed in internal staff emails, Binance could have taken any number of alternate paths to get out of its FTT bags.

Earlier this year, a record-setting £9.9 billion ($11.97 billion) collective proceedings application (the U.K.equivalent of a class action lawsuit) was filed with the Competition Appeals Tribunal against Binance and three other exchanges (Bittylicious, Kraken, and Shapeshift).


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Article Details

Author / Journalist: Jordan Atkins

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 10:35:33 (1 weeks ago)

News Timezone: GMT +8:00

Ranking: #186 (out of 2503 stories this day)

News Source URL: coingeek.com

Language: English

Article Length: 2248 words

Reading Time: 13 minutes read

Sentences: 82 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 1909212

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About CoinGeek

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Main Topics: Crypto

Official Website: coingeek.com

Update Frequency: 9 posts per day

Year Established: 2012

Headquarters: Canada

News Last Updated: 10 hours ago

Coverage Areas: Canada

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #82

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  • URL: https://beamstart.com/news/binance-inches-closer-to-illegal-16692922901869

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