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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

      Binance backs out of its deal to buy FTX - The Verge

  2. www.nytimes.com › 2022/11/10 › technologyWhy Did FTX Collapse? Here’s What to Know. - The New York Times

    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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  4. cointelegraph.com › news › ftx-and-binance-s-ongoingFTX’s ongoing saga: Everything that’s happened until now

    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...

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  6. apnews.com › article › ftx-bankruptcy-binanceA timeline of the collapse at FTX - Associated Press News

    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.

  7. www.nytimes.com › ftx-binance-cryptoBinance Pulls Out of Deal to Acquire Rival Crypto Exchange 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

  8. www.cnbc.com › 2022/11/09 › binance-backs-out-of-ftxBinance backs out of FTX rescue, leaving the crypto exchange ...

    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.

  9. www.wired.com › story › ftx-collapse-binance-crypto-dealWhat the Hell Happened to FTX? - WIRED

    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...

  10. www.forbes.com › sites › dereksaulBinance Bails On FTX Acquisition — Here’s What Led To The FTX ...

    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...

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