Today news
About the same in other media
22.11 - 17:08
Binance backtracks on deal to rescue FTX amid crypto firm’s $8bn shortfall
Reading now: 945
fnlondon.comCrypto exchange Binance reversed course on a rescue offer for FTX on 9 November, leaving the prominent digital firm with an uncertain future as it faces a shortfall of up to $8bn, according to people familiar with the matter.
Binance chose not to go ahead with the nonbinding offer following a review of the company's finances, the exchange said. "In the beginning, 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.
Read more on fnlondon.comAbout this in other media
Crypto Firm Genesis Struggles to Raise Fresh Capital, In Talks with Binance – Next Domino to Fall From FTX Contagion? cryptonews.com /1 year ago
Learn why Oryen Network could never fall victim to exchanges' manipulation, such as FTX and Crypto.com cryptonews.com /1 year ago
Ripple to consider deals for FTX assets: Brad Garlinghouse cointelegraph.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
