Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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Damn, Binance did a few hours of due diligence and began to lean nope???
Yesterday, Binance’s CEO was like, sure, yeah, we’ll buy our troubled competitor FTX, pending due diligence. And now, after a couple hours of due diligence, it’s looking like no deal. What’s on those books? Binance is the biggest crypto exchange and FTX is the third-largest, so that combo would be real trouble for competitors — it should be a deal that makes sense. I sure hope nothing funny is going on with the customer deposits!
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