Binance's acquisition of FTX may trigger antitrust investigations by regulators

ChainCatcher news, according to Coindesk, Binance's acquisition of FTX may trigger antitrust investigations by regulators. According to data from CoinGecko, Binance is the largest cryptocurrency exchange in the world by trading volume, while FTX ranks in the top five.

"Next time, check if your tweet complies with antitrust laws before posting," wrote Thibault Schrepel, an associate professor at the University of Amsterdam specializing in blockchain and antitrust issues, under Zhao Changpeng's (CZ) tweet. "At this stage, I wouldn't be surprised if this tweet is found in upcoming court filings/antitrust lawsuits."

In the U.S., antitrust laws such as the Sherman Act prohibit direct competitors from taking actions to protect each other. CZ stated that he intervened to protect users after FTX faced a "serious liquidity crunch" and sought help. Thibault Schrepel believes this indicates the existence of illegal agreements—he argues that U.S. law would apply since the deal would affect the entire company, including its U.S. operations. (source link)