CryptoChain Value App news: After FTX completed a new round of financing, Binance fully exited its investment in FTX. Regarding this matter, FTX CEO SBF (Sam Bankman-Fried) told Decrypt that there were differences in how the two companies operated. He said: "Given the roles our businesses play in this space, I think it makes sense. It also gives us greater flexibility." SBF said he had "a friendly conversation" with Binance founder Changpeng Zhao, and that they "had been planning this for a while, and now seemed like a good time to get it done. Obviously, they got a great return on their investment—I think it's a win-win."
Speaking about Binance's regulatory challenges, SBF said: "We didn't discuss this, so I can only speculate. I think if you appear inflexible or unable to respond promptly, regulators may feel they have no choice but to come down hard." Earlier, Changpeng Zhao commented only that the exit was completed under favorable terms: "We're still friends, but we no longer have any equity investment relationship."
