Binance backs out of FTX acquisition deal

Binance backs out of FTX acquisition deal


TheBlock
2022-11-09 20:57:39

Earlier this week, FTX agreed to sell its non-U.S. assets to the rival exchange amid a liquidity crunch related to its FTT token, but Binance is walking away from the deal. "Our hope was to be able to support FTX's customers to provide liquidity, but the issues are beyond our control or ability to help," Binance said in a statement.