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Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto Crash

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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 crypto titan FTX once valued at $32 billion.

last Wednesday that Alameda Research, Bankman-Fried’s crypto trading firm closely linked to FTX, largely held its assets in FTX’s coin.

Though Bankman-Fried called concerns about his companies’ finances “unfounded rumors” Monday, users flooded FTX with withdrawal requests and piled out of the FTX coin, with the token falling some 86% since Sunday, and falling from its $14 billion market capitalization in March to a mere $825 million.Bankman-Fried, with bitcoin, ethereum and shares of exchange Coinbase each falling 20% or more since Sunday.$176 billion.

 

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cz_binance said, “sike made you look!”

Look at this guy twisting our minds. He should release his own TV show. So much drama Mr.Zhao

Thanks for playing ..

Good morning, Forbes. This was posted by Binance like 5h ago.

Holy shit😭😭😭

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Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto CrashBinance will reportedly back out of its agreement to buy rival cryptocurrency exchange FTX, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto titan FTX once valued at $32 billion, taking down the value of digital assets with it. cz_binance, you cunt! I want to learning cryptocurrency. Could you please send me the cryptocurrency learn package details at your earliest. Thanks and regards. Gamage
La source: Forbes - 🏆 394. / 53 Lire la suite »

Binance strikes acquisition deal for non-U.S. unit of FTX.FTX_Official and Binance have struck a deal. It comes after IanAllison's scoop last week on SBF_FTX's liquidity issues. emilydparker joined CNBC to discuss the news and the lack of transparency we're seeing in the crypto sector. Check it out: FTX_Official binance ianallison SBF_FTX emilydparker CNBC They should update this picture lol FTX_Official binance ianallison SBF_FTX emilydparker CNBC IanAllison123 FTX_Official binance ianallison SBF_FTX emilydparker CNBC You guys are slower than internet explorer
La source: CoinDesk - 🏆 291. / 63 Lire la suite »