New book exposes bitter rivalry between crypto titans Zhao and Bankman-Fried that led to FTX's downfall
-
Binance CEO Changpeng Zhao laid a trap for FTX's Sam Bankman-Fried by demanding payment in FTT tokens when buying out his stake in FTX. This gave Zhao ammunition to sink FTX.
-
New book reveals Bankman-Fried paid Binance $150k for Zhao to appear at a conference and legitimize FTX. Their relationship later soured.
-
Zhao made Bankman-Fried hand over BNB tokens that could have been used to attack Binance when buying back his FTX stake.
-
Book reveals petty rivalry between the two CEOs, including Bankman-Fried complaining Zhao was "kind of a douche."
-
Jury for SBF's trial includes an ex-Wall Street banker and a Metro-North train driver, reflecting case's broad impact.