TechFlow news, according to sources, Binance will not move forward with the proposed acquisition of FTX unless FTX.US is also included in the deal. Additionally, based on information obtained by Blockworks, the initial purchase price for Binance's acquisition of FTX.com was just $1, but despite this, Binance ultimately abandoned the deal after completing due diligence.
Earlier reports indicated that the Federal Trade Commission and the Commodity Futures Trading Commission launched investigations into FTX this morning, meaning Binance would not consider a transaction involving FTX’s standalone business. Legal advisors to the deal are concerned that U.S. regulators would block the sale of the U.S. entity to Binance, given Binance already faces multiple ongoing investigations by the Department of Justice and the Internal Revenue Service.Original link
