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Title is incorrect, they signed a non-binding LOI. They will first do a lot of Due Diligence and might back out of the deal anytime.
by janmo 4y ago
Title is incorrect, they signed a non-binding LOI. They will first do a lot of Due Diligence and might back out of the deal anytime.
- alphabetting 4y agoYeah. Binance seems to have all the leverage. https://twitter.com/ClarityToast/status/1590016720923930628?t=AKDy-RF2q5mCbWTDCGlSZA&s=19 https://twitter.com/ClarityToast/status/1590016720923930628?...
- wmf 4y agoFTX needs cash right now and either Binance will provide it right now or they won't.
- janmo 4y agoIt seems withdrawals are halted, and there is no clarity of weather or not they have resumed after the announcement. Without withdrawals FTX will loose in importance and value every single hour. It is hard to build trust as a crypto exchange, but it is very easy and can be quick to lose it.
- Scoundreller 4y ago> It is hard to build trust as a crypto exchange Iunno, it seems a lot easier than I ever expected (I don’t run one, just observing others)