Binance Moved Away From Acquiring FTX After Reviewing Balance Sheets

According to the sources, the possibility of Binance buying after examining FTX’s balance sheets has almost disappeared.

According to information received by Coindesk from a source close to the subject, it seems unlikely that Binance will buy the company after taking a rough look at FTX’s balance sheets. Binance CEO Changpeng Zhao (CZ) recently declared a non-binding intent to acquire FTX. examine the company’s balance sheets had announced.

Source, Binance’s FTX internal balance sheets and loan commitments After half a day of reviewing the management team’s approval of FTX vehemently opposed stated.

Experts say that Binance’s pullback at this stage is pretty bad for the markets. a stunning move He suggested that this will happen and things will only get worse for FTX.

Changpeng Zhao wrote in a letter to Binance employees that day that the acquisition of FTX is a part of there will be no profit the company’s collapse is due to the confidence in the cryptocurrency markets. great damage he had given.

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