Binance Is Likely To Step Back From Acquiring Ftx Report Suggests
Binance may scrap its proposal
Binance is Likely to Step Back From Acquiring FTX, Report Suggests
Binance may scrap its proposal to acquire cryptocurrency exchange FTX, after examining FTX’s “internal data and loan commitments,” according to an unnamed source familiar with the matter cited by
Despite mutual interests and financial entanglements, the deal fell through. Binance CEO Changpeng Zhao cited unresolvable issues as the primary roadblock, leaving both entities to forge their distinct paths.
Binance
Binance, the world’s largest cryptocurrency exchange, has backed out of a tentative deal to rescue its second-place competitor FTX from money problems that Binance CEO Changpeng Zhao
Crypto exchange Binance said it would walk away from an initial offer to acquire its competitor FTX after a review of the company’s finances.
Why Binance Walked Away From Acquiring FTX? Here’s What
Crypto exchange Binance decides against
Binance will abandon its deal to rescue Sam Bankman-Fried’s FTX cryptocurrency exchange, citing concerns about its business practices and investigations by US financial regulators. The move
Binance Walks Away From FTX Buyout Citing Mishandling of
Crypto exchange Binance decides against acquiring rival FTX. This comes as due diligence processes reveal untenable deficiencies in FTX's financials and structure. This move by Binance could likely cause other crypto companies, including lenders, to get wiped out.
Binance stepped away Wednesday from
Binance Walks Away From Deal to Rescue FTX - WSJ
Binance ditches deal to rescue rival crypto exchange FTX
Binance stepped away Wednesday from plans to purchase FTX, unable to overcome issues surrounding the rival crypto exchange founded by Sam Bankman-Fried.
According to sources close to
According to sources close to the situation, Binance is strongly considering pulling out of the acquisition just half a day after analyzing FTX’s finances and financial commitments. The FTX drama has had a cascading effect on the entire cryptocurrency market.
Binance likely to back out of FTX deal: report - Yahoo Finance
Binance Pulls Out of FTX Deal: ‘Beyond Our Ability to Help’ - VICE
Binance Ditches Plan to Rescue Struggling Crypto Exchange FTX