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© Reuters Cryptocurrency platform Binance withdraws its offer to buy rival FTX
New York, Nov 9 (.).- Binance, the world’s leading cryptocurrency exchange, has withdrawn its offer to buy its rival FTX after announcing it yesterday and causing the announcement to plunge the value of numerous digital currencies. .
“As a result of recent news about mishandling of customer funds and alleged investigations by US agencies, we have decided not to proceed with the potential purchase of FTX.com,” a company statement said.
“Our intention was originally to support FTX clients in their search for liquidity, but the matter is beyond our control and our ability to help,” the statement added.
Binance founder Changpeng Zhao explained yesterday that FTX, run by San Bankman-Fried, with whom he has had a public feud, had asked him for “help” and that had led him to sign a “non-binding” agreement to acquire Binance. platform.
Already then the mention that it was not binding drew attention, and more so when Zhao stressed that Binance had “the criterion to withdraw at any time”.
Neither party disclosed the amount of the transaction.
Yesterday’s announcement was very unwelcome in the cryptocurrency market, causing widespread declines in all its versions, but the biggest drop was that of FTT, the FTX currency, which suffered a 76% crash in two hours. following the announcement.
The pessimistic trend continued today in the crypto market, and both Ether and Ether continued to fall sharply, in the case of the former losing 10.24% to $17,463, while in the case of the latter the fall was even more high, up to 17.86% and $1,201.
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