Cryptocurrency exchange Binance calls off acquisition of FTX
"We have decided that we will not pursue the potential acquisition of FTX.com," Binance said on Twitter a day after disclosing it signed a non-binding letter of intent to buy FTX.
- Economy
- AFP
- Published Date: 12:26 | 10 November 2022
- Modified Date: 12:27 | 10 November 2022
Binance, the world's biggest cryptocurrency platform, said Wednesday it is ending plans to acquire rival FTX.com, citing reports of mishandled customer funds and alleged government probes.
"We have decided that we will not pursue the potential acquisition of FTX.com," Binance said on Twitter a day after disclosing it signed a non-binding letter of intent to buy FTX.
OTHER ECONOMY NEWS