In a shocking turn of events, a CoinDesk report reveals that cryptocurrency exchange Binance is highly unlikely to go ahead with its proposed acquisition of rival FTX.
Less than a day after reviewing FTX, it has been revealed that crypto exchange Binance is “highly unlikely” to continue with its proposed acquisition of rival exchange FTX according to a source familiar with the matter. CoinDesk reports that Binance’s nonbinding letter of intent for the takeover of FTX hinged on the exchange performing due diligence. After about half a day into the review process of FTX’s internal data and loan commitments, Binance is reportedly strongly leaning against moving forward with the transaction.
Binance CEO, Changpeng “CZ” Zhao announced on November 8 that FTX reached out for help following a “significant liquidity crunch” and said that to protect users, Binance had signed a non-binding LOI, intending to fully acquire FTX.
This afternoon, FTX asked for our help. There is a sig
We współpracy z: https://cryptodaily.co.uk/2022/11/binance-likely-to-back-out-of-ftx-acquisition
