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9. novembar 2022, 3:29 EST
Binance will not go ahead with the proposed deal to acquire FTX unless the US-based exchange partner FTX.US is part of the deal, according to a source with knowledge of the matter and text conversations reviewed by Blockworks.
According to the source, the fact that the Federal Trade Commission and Commodity Futures Trading Commission have opened investigations into FTX this morning means that Binance will not consider a deal for FTX’s standalone operations. The price of the deal was originally $1, according to materials seen by Blockworks, but “no one is gonna want to buy billions of dollars of messy debt for $1”.
Legal advisors to the deal are however concerned that US regulators would block any sale of a US entity to Binance, given that Binance has multiple open investigations of its own — including one involving The Department of Justice and the IRS, which otvorio istragu into Binance in 2021, and another in which the CFTC was reported to be examining whether Binance users based in the US had access to derivatives trading.
Binance was asked by federal prosecutors in 2020 to predati komunikacije involving Zhao, as they sought to discover whether the exchange was in violation of the Bank Secrecy Act.
I samo prošle sedmice, Reuters reported that Binance helped facilitate close to $8 billion of trades in Iran, possibly in violation of US sanctions.
A second person with knowledge of the matter explained that “100% if they try to sell FTX.US to Binance, regulators will say f**k off.”
Binance released a statement shortly after publication of this story:
“As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of Ftx.com.
U početku smo se nadali da ćemo moći podržati FTX-ove klijente da obezbijede likvidnost, ali problemi su izvan naše kontrole ili mogućnosti da pomognemo.
Svaki put kada glavni igrač u industriji propadne, maloprodajni potrošači će patiti. U posljednjih nekoliko godina vidjeli smo da kripto ekosistem postaje otporniji i vjerujemo da će s vremenom slobodno tržište izbaciti one koji zloupotrebljavaju korisnička sredstva.
Kako se regulatorni okviri razvijaju i kako industrija nastavlja da evoluira prema većoj decentralizaciji, ekosistem će jačati.”
Updated 3:59 pm ET Nov 9th 2022 with statement from Binance.
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- Jon Rice
Blockworks
Urednik-in-Chief
Jon je glavni urednik u Blockworksu. Prethodno je bio glavni urednik u Cointelegraphu, gdje je također kreirao i uređivao publikaciju časopisa dugog formata. On je suosnivač Crypto Briefinga, koji je pokrenut 2017.
On je uporni zagovornik raznolikosti, uključenosti i jednakih mogućnosti u blockchain industriji i čvrsto vjeruje u potencijal za osobno osnaživanje koji nudi demokratizacija financijskih tržišta.
Source: https://blockworks.co/1-binance-ftx-deal-is-off-unless-ftx-us-is-part-of-the-package-source/