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Briefing
crypto

Binance Scraps FTX Deal

By
Aidan Ryan
· · Source: The Information

Binance will not pursue an acquisition of FTX, a Binance spokesperson told The Information, a little more than 24 hours after Binance shocked the crypto world with a proposed rescue deal to acquire the rival crypto exchange as it faced a liquidity crunch. “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...

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