$1 Binance FTX deal Is Off unless FTX.US Is Part of The Package
Binance will not go ahead with the proposed deal to acquire FTX unless the US-based exchange partner FTX. US is part of the deal, according to a source with knowledge of the matter and text conversations reviewed by Blockworks.
Avalanche:We Have No Significant Exposure To FTX or Alameda
As a result of this prudent risk management, we have no significant exposure to FTX or Alameda.
Sequoia Capital to Bring Down Investment in FTX to $0
Sequoia Capital on Wednesday assured investors that the company had limited exposure to FTX and will pull out of its investment in the troubled cryptocurrency exhange, after an FTX deal with peer Binance collapsed.
Binance Backs Out of Deal to Buy FTX
The world’s largest crypto exchange by volume, Binance, said it would walk away from a deal with the third largest crypto exchange by volume, FTX.
Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover After First Glance at Books
Backing out would be one more stunning development in the collapse of Sam Bankman-Fried’s crypto empire.
Binance Chief Says Near Collapse of FTX ‘severely’ Eroded Confidence in Crypto Industry
Changpeng Zhao tells employees that the bailout of its chief rival is ‘not a win’
Crypto Markets Bleed $130 Billion in 12 Hours as Contagion Continues
In one of the largest and fastest market crashes of the year, $132 billion has been wiped out of crypto assets. What is more remarkable is that this has happened over the past 12 hours.
FTX, Binance Deal Draws Antitrust Concern
The proposed sale of FTX’s non-U.S. business to Binance, announced Tuesday amid concerns over stability at FTX, has drawn concerns of antitrust retaliation in the U.S. and elsewhere.
Before Deal with Rival, FTX Scoured Wall Street, Silicon Valley Billionaires for $1 Billion Lifeline
In the hours before it secured rescue financing from its rival Binance, the crypto exchange FTX sought a bailout of more than $1 billion from Silicon Valley and Wall Street billionaires, people familiar with the matter told Semafor.
Targeted Takeover? CZ’s FTX Rescue Coincides With Midterms
The unexpected election day truce between crypto exchanges Binance and FTX might be enough to overshadow voting-related volatility as shifting digital asset regulation comes into focus, analysts said Tuesday.
