Cryptocurrency exchange Binance walks away from a bailout deal of rival FTX

Nov 10, 2022 · 52m 43s
Cryptocurrency exchange Binance walks away from a bailout deal of rival FTX
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One of the world's largest cryptocurrency exchanges, Binance, has pulled out of a deal to acquire its struggling rival FTX, leaving the latter's future in doubt. The near-collapse of FTX...

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One of the world's largest cryptocurrency exchanges, Binance, has pulled out of a deal to acquire its struggling rival FTX, leaving the latter's future in doubt. The near-collapse of FTX which was valued at $32 billion at the start of the year has shaken the crypto market, with Bitcoin and other currencies suffering steep falls.

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( Photo: Bitcoin representation at La Maison du Bitcoin in Paris Credit: Reuters)
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