- Binance backs out of FTX deal after looking at its books, says 'beyond our ability to help
- Bitcoin is down over 16%, now at $16117, after hitting $15529 lowest since 2020
- Bitcoin price $16,117 vs. $66,900 One year ago
- Ethereum and XRP are down 12%
- FTX website is down, as reports emerge it is seeking funding to meet withdrawal demand.
- The Wall Street Journal reports crypto exchange FTX has a liquidity shortfall of $8 billion
- FTX CEO Sam Bankman-Fried says that without a cash injection, bankruptcy is likely.
- The US Department of Justice will launch a probe into FTX
BAD FOR GLOBAL FINANCIAL STOCKS
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