However, Binance’s CEO noted at the time that its rivalfaced a liquidity crunch.
Binance said on Wednesday itwon’t proceedwith the deal.
Binance’s decision came after the company reviewed FTX’s books and structure.
The amount gives the impression of closer to $9.4 billion to rescue the exchange, ReutersreportedThursday.
- I’m sorry.
That’s the biggest thing.I fucked up, and should have done better.
Bitcoindropped to just over $16,000, the lowest the cryptocurrency has been since late 2020.
It rebounded Thursday after alighter-than-expected inflation reportand hovered below $17,000 on Friday.
