SEQUOIA CAPITAL WRITES

With Binance Backing Out Of

Binance ditches deal to rescue rival crypto exchange FTX

Binance Walks Away From FTX Buyout Citing Mishandling of

With Binance backing out of its plans to acquire FTX, citing problems with the company's finances as well as potential regulatory investigations, the ongoing crypto rout

The World

The world’s largest crypto exchange, Binance, has walked away from a deal to acquire its troubled archrival, FTX, leaving the smaller company on the brink of collapse

Binance said it is abandoning early plans to acquire embattled rival FTX after going through the company’s financials and structure.

Binance will abandon its deal to rescue Sam Bankman-Fried’s FTX cryptocurrency exchange, citing concerns about its business practices and investigations by

Binance Has Scrapped Its Letter

Binance has scrapped its letter of intent to buy rival crypto exchange FTX, according to a Binance spokesperson.

Binance stepped away Wednesday from plans to purchase FTX, unable to overcome issues surrounding the rival crypto exchange founded by Sam Bankman-Fried.

Binance is walking away from its deal to rescue Sam Bankman

Crypto Exchange Binance Said It

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.

Explained: Why did Binance walk away from FTX deal and what it

What the Hell Happened to FTX? - WIRED

Despite Mutual Interests And Financial

Despite mutual interests and financial entanglements, the deal fell through. Binance CEO Changpeng Zhao cited unresolvable issues as the primary roadblock, leaving

Why Binance Walked Away From Acquiring FTX? Here’s What

Binance Walks Away From Deal to Acquire FTX

Binance Walks Away From Deal to Rescue FTX - WSJ