Crypto investors rattled as Binance reportedly leans against completing its acquisition of rival FTX

France Nouvelles Nouvelles

Crypto investors rattled as Binance reportedly leans against completing its acquisition of rival FTX
France Dernières Nouvelles,France Actualités

Binance, the world’s largest crypto exchange, is reportedly unlikely to follow through with its proposed acquisition of the non-U.S. assets of rival FTX,...

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Binance, the world’s largest crypto exchange, is reportedly unlikely to follow through with its proposed acquisition of the non-U.S. assets of rival FTX, amid the latter’s liquidity crunch.

After about half of a day of reviewing FTX’s internal data and loan commitments n Binance is leaning towards abandoning the deal, according to CoinDesk. Executives at Binance have found a gap, likely in billions and possibly more than $6 billion, between the liabilities and assets of FTX, Bloomberg reported, citing an anonymous source familiar with the matter.

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But but but I was really impressed by all the umpires at the World Series for wearing FTX shirts.

Mark my words: CZ will not go through with the deal.

France Dernières Nouvelles, France Actualités



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