Informed sources: Binance will not acquire FTX unless FTX.US packages the deal

2022-11-10 10:34:16
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According to ChainCatcher, citing informed sources from Blockworks, Binance will not proceed with the proposed acquisition of FTX unless FTX.US is involved in the transaction. Additionally, according to information obtained by Blockworks, the initial price for Binance's acquisition of FTX.com was set at $1, but despite this, Binance abandoned the acquisition of FTX.com after due diligence.

Due to multiple public investigations involving the Department of Justice and the IRS, U.S. regulators will block any transactions that involve selling U.S. entities to Binance. Earlier reports indicated that the Federal Trade Commission and the Commodity Futures Trading Commission have launched investigations into FTX this morning, which means Binance will not consider a deal involving FTX's independent business. (source link)

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