Crypto Currency holders may be headed to rooftops to commit suicide today. Binance announced at 4:00 PM they were NOT buying FTX.
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 https://t.co/FQ3MIG381f.
— Binance (@binance) November 9, 2022
Then FTX posted THIS Disclaimer on their web site:
FTX is currently unable to process withdrawals. We strongly advise against depositing.
About one hour later FTX CEO Sam Bankman-Fried says "without more capital, bankruptcy is likely."
