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Bitcoin & Cryptocurrency Crash After Binance Pulls out of FTX Deal: DO THIS NOW!
10-11-2022, 04:39 PM
Thank you for sharing the YouTube video
10-11-2022, 04:40 PM
Really is wan Dan le.
10-11-2022, 04:40 PM
Me also lost a lot of money until cannot sleep
10-11-2022, 06:18 PM
“The full nature and extent of this risk are not known at this time,” Sequoia noted, adding that it is monitoring the quickly developing situation.
Sequoia is one of the many prominent backers of FTX, alongside Singapore state investor Temasek, BlackRock and SoftBank.
Temasek said on Wednesday that it is aware of the developments between FTX and Binance, and is engaging FTX in its capacity as a shareholder.
>>>>>
Sequoia is one of the many prominent backers of FTX, alongside Singapore state investor Temasek, BlackRock and SoftBank.
Temasek said on Wednesday that it is aware of the developments between FTX and Binance, and is engaging FTX in its capacity as a shareholder.
>>>>>
10-11-2022, 11:20 PM
11-11-2022, 06:05 AM
11-11-2022, 07:37 AM
.
Cannot be lah
If Temasek invested in it, it must be safe
Cannot be lah
If Temasek invested in it, it must be safe
12-11-2022, 09:22 AM
https://blockworks.co/news/1-binance-ftx...ge-source/
$1 Binance FTX Deal is Off Unless FTX.US is Part of the Package: Source
The price of the deal: one dollar. But that may be too much for CZ.
Binance will not go ahead with the proposed deal to acquire FTX unless the US-based exchange partner FTX.US is part of the deal, according to a source with knowledge of the matter and text conversations reviewed by Blockworks.
According to the source, the fact that the Federal Trade Commission and Commodity Futures Trading Commission have opened investigations into FTX this morning means that Binance will not consider a deal for FTX’s standalone operations. The price of the deal was originally $1, according to materials seen by Blockworks, but “no one is gonna want to buy billions of dollars of messy debt for $1”.
Legal advisors to the deal are however concerned that US regulators would block any sale of a US entity to Binance, given that Binance has multiple open investigations of its own — including one involving The Department of Justice and the IRS, which opened an investigation into Binance in 2021, and another in which the CFTC was reported to be examining whether Binance users based in the US had access to derivatives trading.
Binance was asked by federal prosecutors in 2020 to hand over communications involving Zhao, as they sought to discover whether the exchange was in violation of the Bank Secrecy Act.
And just last week, Reuters reported that Binance helped facilitate close to $8 billion of trades in Iran, possibly in violation of US sanctions.
$1 Binance FTX Deal is Off Unless FTX.US is Part of the Package: Source
The price of the deal: one dollar. But that may be too much for CZ.
Binance will not go ahead with the proposed deal to acquire FTX unless the US-based exchange partner FTX.US is part of the deal, according to a source with knowledge of the matter and text conversations reviewed by Blockworks.
According to the source, the fact that the Federal Trade Commission and Commodity Futures Trading Commission have opened investigations into FTX this morning means that Binance will not consider a deal for FTX’s standalone operations. The price of the deal was originally $1, according to materials seen by Blockworks, but “no one is gonna want to buy billions of dollars of messy debt for $1”.
Legal advisors to the deal are however concerned that US regulators would block any sale of a US entity to Binance, given that Binance has multiple open investigations of its own — including one involving The Department of Justice and the IRS, which opened an investigation into Binance in 2021, and another in which the CFTC was reported to be examining whether Binance users based in the US had access to derivatives trading.
Binance was asked by federal prosecutors in 2020 to hand over communications involving Zhao, as they sought to discover whether the exchange was in violation of the Bank Secrecy Act.
And just last week, Reuters reported that Binance helped facilitate close to $8 billion of trades in Iran, possibly in violation of US sanctions.
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