Post
Topic
Board Exchanges
Re: [2022-11-09] Binance Walks Away From Deal to Buy FTX
by
examplens
on 10/11/2022, 22:41:08 UTC
https://www.wsj.com/articles/binance-is-said-to-be-likely-to-walk-away-from-deal-to-buy-ftx-11668020963

It seems binance was never serious to acquire FTX , it takes Binance few hours to perform DD , normally and it  will take anywhere from 5 -9 weeks depending on the size and complexity of the business.

I take everything that comes from these two companies with a great deal of suspicion. I'm sure Binance didn't just decide to take over FTX with all the problems it brings, and then post it all on Twitter, before thinking it through. at the same time, they themselves contributed to the further decline of FTX.
why would they risk his own potential future investment?
Or, is this "giving up" just another trick to reduce the value and make it easier cheapest to take over?