Binance Walks Away From FTX Acquisition

Yesterday, Binance CEO Changpeng Zhao (“CZ”) announced a non-binding letter of intent to acquire FTX. Now he says the troubled FTX exchange is “beyond our control or ability to help” – meaning, the deal’s off. Binance confirmed in a tweet that it would not acquire FTX. FTX faced troubles that included an investigation by Texan … [Read more…]