Market Cap: $2,781,865,409,632
24h Vol: $71,375,609,410
Cryptocurrencies: 30065
Markets: 114451
Cryptocurrencies: 30065
Markets: 114451
Market Cap: $2,781,865,409,632     
24h Vol: $71,375,609,410
cryptonews 2022-11-09 22:14:00

Binance Backs Out of Buying FTX Crypto Exchange, Cites Mishandled Customer Funds and Regulator Investigations

Binance Backs Out of Buying FTX Crypto Exchange, Cites Mishandled Customer Funds and Regulator Investigations
Binance is pulling out of the deal to buy FTX. On Tuesday 8 November, Binance signed a letter of intention to acquire the failing crypto exchange, although at the time it said the agreement was subject to a due diligence process. But as the contagion from the collapse of the FTX leads to a bloodbath in crypto asset prices, the quality of the FTX balance sheet and that of its sister company Alameda is likely to have deteriorated sharply.... Read More: Binance Backs Out of Buying FTX Crypto Exchange, Cites Mishandled Customer Funds and Regulator Investigations
esptco-banner img
Latest News

Videos

  • The Metaverse to Replace the Real World!

  • 10 Ways to Make Money Via Crypto | Step by Step Guide to Make Money Online!

  • A Beginner Guide to Web 3.0: Everything You Need to Know About Web 3.0!

  • What is an ICO, IEO, STO, IDO? Which one is the Best?

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire