Binance to acquire FTX

due diligence proceeding, non binding letter of intent signed. About a one minute read.

Comment: Ok, now this came out of left field. Bankman-Fried had been bringing lots of stability to the sector and now this. Story is evolving very quickly, lots of links in the Coindesk article, and we’ll be updating here.

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Not so fast — Binance calls out FTX acquisition, and in a statement said “As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged U.S. agency investigations, we have decided that we will not pursue the potential acquisition of [FTX],” .

What not SBF?