SBF Says FTX to Raise Funds, Binance Never Really Planned to Go Ahead with Acquisition
FTX is planning to raise funds next week in an effort to avoid bankruptcy, SBF told employees via a Slack message seen by Reuters.
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BTC$62,475.00+0.38%
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USDT$0.9987-0.02%
USDC$0.9997-0.01%
XRP$1.09-1.41%
SOL$69.08+0.63%
TRX$0.3312+0.66%
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DOGE$0.0786-0.38%
USDS$0.9995-0.02%
RAIN$0.0159+0.82%
LEO$9.52-0.54%
ZEC$412.83-1.59%
XLM$0.1907-0.36%
VC investors in FTX may have ignored red flags showing the embattled crypto exchange engaged in suspicious financial relationships with related entities.
FTX is planning to raise funds next week in an effort to avoid bankruptcy, SBF told employees via a Slack message seen by Reuters.
MicroStrategy shares dropped significantly after Bitcoin tumbled to below $16,000.
Binance just announced it would not go forward with the FTX acquisition.
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Singaporean government-backed investment giant Temasek said it is monitoring the latest developments surrounding the FTX-Binance saga.
Solana plummeted nearly 40% on the Binance-FTX deal, extending the token's losses from its ATH to 93%.
FTX's CEO came out on Twitter to provide assurances to clients that their funds were safe and the exchange was "fine".
Reuters reveals that Binance has processed around $8 billion with the sanctioned Iran since 2018, putting the company at risk of violating US laws.
Binance is allegedly forming a team to help Musk combat Twitter bots using blockchain as CZ celebrates the acquisition.
BNB froze trading on its change after rumors of a hack on its chain emerged.
After announcing its plans in March, Binance took a major step towards expanding its operations in Brazil by opening two new offices in the country.
Binance CEO Changpeng Zhao said the crypto exchange could allow users to choose to pay the 1.2% trading fee for their LUNC transactions instead of forcing…