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Binance Pulls Out OF FTX Deal, Bitcoin Crashes Below $16,000

[Nov 9, 2022 3:27 PM] Crypto exchange Binance is officially out of the FTX agreement. According to an official statement, the company won’t purchase its competitor. Via its official Twitter handle, Binance claims that regulatory pressure and other factors impacted their…

Breaking: FTX’s Binance rescue deal falls apart in less than 48 hours

[Nov 9, 2022 3:21 PM] Binance cited allegations of the mishandling of consumer funds and an investigation from regulators as reasons for exiting the agreement.

Binance’s victory over FTX means more users moving away from central exchanges

[Nov 9, 2022 2:51 PM] Binance faces far less competition in the aftermath of FTX’s fall, but it still may not win a surge in new users.

Maple Finance Lending Pool Delegate ‘Identified a Number of Key Weaknesses’ Tied to FTX’s Alameda Research

[Nov 9, 2022 2:30 PM] According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “ide

FTX Legal Department Jumps Ship, Binance Deal Fizzles Out

[Nov 9, 2022 1:21 PM] The FTX drama continues as the deal with its competitor Binance falls apart. According to several reports, employees at the platform are fleeing amid growing concerns about a massive $6 billion hole on the company’s balance sheet. A report from…

Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’

[Nov 9, 2022 12:30 PM] Binance CEO Changpeng Zhao (CZ) has shared where his company is at on the deal with FTX. “We did not master plan this or anything related to it,” he told the Binance team, reminding them not to trade the FTX token (FTT) as the due…

Singapore's Temasek engages with FTX in liquidity crisis

[Nov 9, 2022 12:30 PM] Temasek invested in a series of FTX's round findings that led to its $32 billion valuation in January.

US Investigating FTX Empire Over Handling Of Customer Funds: Report

[Nov 9, 2022 11:13 AM] US regulators are investigating whether Sam Bankman-Fried’s FTX properly handled client funds following the exchange’s liquidity crunch, Binance acquisition.SEC, CFTC reportedly probing FTX over handling of customers’ funds.Investigations…

In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal

[Nov 9, 2022 10:45 AM] “People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX.

Alameda Research FTT token transfer from September fuels wild speculations

[Nov 9, 2022 5:00 AM] According to on-chain data, FTT token supply increased by 124.3% on Sept. 28 when 173 million FTT tokens were created by a 2019 ICO contract and Alameda was the recipient.

FTX Exchange Set To Be Acquired By Binance Following Liquidity Crisis

[Nov 8, 2022 11:44 AM] Following a liquidity crunch, FTX reached out to Binance to solve its liquidity issues through acquisition to keep FTX customers whole.FTX Exchange is set to be acquired by Binance, pending due diligence, following a liquidity crisis from FTX, per…

The Exchange War: FTX Faces Liquidity Crisis

[Nov 8, 2022 9:18 AM] The exchange war has begun. The Binance CEO publicly dukes it out with the FTX co-founder as rumors of FTX and Alameda Research financial distress fly. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's…