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22.11 - 17:08
FTX faces US regulator investigation as Binance wavers on takeover
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Alameda Research is the crypto trading firm run by FTX chief Sam Bankman-Fried.
Last week, CoinDesk reported on a leaked balance sheet showing that FTX's FTT native token made up about a quarter of Alameda's assets.That revelation helped spark the liquidity crunch at FTX, with Binance saying it would dump its holdings of the token.Yesterday, Binance and FTX agreed the takeover, although both stressed that this was predicated on a full due diligence process.Within hours of that process beginning, Binance has found a financial back hole, according to Bloomberg, citing a source suggesting a gap between liabilities and assets at FTX that could top $6 billion.
. Read more on finextra.comAbout this in other media
FTX collapse could trigger ‘appetite' for harsher regulation, says Andrew Yang cointelegraph.com /2 years ago
Binance is Preparing to Bid for Bankrupt Lender Voyager as FTX Drops Out cryptonews.com /2 years ago
The FTX contagion: Which companies were affected by the FTX collapse? cointelegraph.com /2 years ago
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