Binance Pulls Out Of Ftx Merger Sending Cryptocurrency Prices Down Cryptocurrencies
Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to pull out of the FTX deal, reached between the CEOs of the two exchanges on Tuesday. The deal was pending Binance’s due diligence on FTX’s balance sheet. After an initial review, Binance said in a statement on Wednesday that it had significant concerns that convinced it to pull out of the deal....