Sam Bankman-Fried, founder of crypto exchange FTX.
In a stunning reversal of fortune for an industry built on reversals of fortune, Bankman-Fried, more commonly known as SBF, announced that FTX, the crypto exchange he founded, would be acquired by rival exchange Binance.
From a deals perspective, a few things worth noting:There wasn't a banker in sight for what could arguably be one of the most important transactions in the history of the crypto industry.
for what could arguably be one of the most important transactions in the history of the crypto industry.
Here's everything to know about the lead up to one of the wildest deals in crypto history.