The about-face is yet another major market disruptor in an increasingly volatile industry. The deal would have combined two of the world’s largest crypto platforms amid concerns about the financial viability of many companies whose digital assets have dropped significantly in value in recent months
The reversal immediately puts the future of FTX, once one of the crypto industry's most popular and valuable companies, in doubt.that the company was privately valued earlier this year at $32 billion and may now be on the verge of insolvency.
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Not surprising. As Bitcoin and Other cryptos drop, this is going to get worse for both companies. Liquidity is drying up. This Ponzi Scheme could be nearing its end.
Bye bye crypto
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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
Source: Forbes - 🏆 394. / 53 Read more »
Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto CrashBinance 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. Holy shit😭😭😭 Good morning, Forbes. This was posted by Binance like 5h ago. Thanks for playing ..
Source: Forbes - 🏆 394. / 53 Read more »