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It isn’t buying
- Binance, the largest crypto exchange by volume, says it isn’t buying the beleaguered FTX crypto exchange, saying that “the issues are beyond our control or ability to help,” according to a company statement.
www.theverge.com › 2022/11/9 › 23450044
Nov 10, 2022 · Why did the deal between Binance and FTX unravel? On Nov. 9, Binance announced it would no longer buy FTX, saying it had arrived at that decision “as a result of corporate due diligence.”
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Nov 10, 2022 · Less than 48 hours after the initial announcement by Binance CEO Changpeng Zhao that it could move to buy FTX, Binance announced on Nov. 9 that it would not be pursuing the acquisition of...
May 8, 2024 · Nov. 8: Binance founder and CEO Changpeng Zhao said his company had signed a letter of intent to buy FTX because the smaller exchange was experiencing a “significant liquidity crunch.” That deal would be contingent, however, on a look at the books at FTX.
Nov 9, 2022 · Late Wednesday, Binance issued an unusually harsh statement explaining why it backed out of the deal, citing “mishandled customer funds” and investigations by regulators. The investigations could...
- David Yaffe-Bellany
Nov 9, 2022 · Binance is backing out of its plans to acquire FTX, the company said Wednesday, leaving Sam Bankman-Fried's crypto empire on the verge of collapse.
Nov 9, 2022 · 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 after a surge of...
Nov 9, 2022 · Binance will back out of its agreement to buy rival cryptocurrency exchange FTX, Binance said Wednesday afternoon, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s...