Binance Acquiring FTX Takes U-Turn ! Why CZ Backout From The Deal ?

The post Binance Acquiring FTX Takes U-Turn ! Why CZ Backout From The Deal ? appeared first on Coinpedia Fintech News Binance is reportedly not likely to proceed with the […]

The post Binance Acquiring FTX Takes U-Turn ! Why CZ Backout From The Deal ? appeared first on Coinpedia Fintech News
Binance is reportedly not likely to proceed with the FTX deal, according to persons close to the companies. While due diligence was part of the non-binding acquisition agreement, Binance is reportedly unhappy with FTX’s balance sheet. Following a day of an intense closer look at FTX’s financial statements, the largest cryptocurrency exchange is distancing itself …