CoinDesk: Binance Inclined to Cancel Acquisition of FTX! FTX Seeking Help from Coinbase and OKX Denied
According to a report by CoinDesk, sources familiar with the matter revealed that Binance is leaning towards canceling the planned acquisition of FTX after conducting a review.
Table of Contents
Binance: Due Diligence in Progress
According to FoxBusiness reporter Eleanor Terrett, Binance's Chief Strategy Officer Patrick Hillmann stated: "Due diligence has just started 36 hours ago. Once completed, we will make decisions based on what is most beneficial for all global Binance users. More information will be shared when there are substantial updates."
🚨NEW: In response to rumors @binance is already considering scrapping its plan to buy @FTX_Official, Binance Chief Strategy Officer @PRHillmann tells @FoxBusiness:
“We’re just 36 hours into the due diligence process. Once we have completed that, we will make a decision based on
— Eleanor Terrett (@EleanorTerrett) November 9, 2022
Related
- Exclusive Interview with Kaia Public Chain: Introducing the New EVM-Compatible Public Chain from Kakao and Line
- Arthur Hayes: Middle East Conflict Could Trigger Cryptocurrency Market "Avalanche," Bitcoin Emerges as a Hedge Against Inflation
- Reviewing the collapse of TonUP, the high-profile Launchpad plummeted 99%. Does this symbolize the demise of TON?