Coin An abandons the acquisitionFTX, Bitcoin plummeted to nearly2New year low!

The cryptocurrency market has been embroiled in a highly anticipated acquisition case，Encountered a sharp decline in the market。

11month10dayMarket data display, BitcoinThe quotation has fallen below16000USD,The latest price as of the time of publication is15753USD,24The hourly drop is up to15.8%，Within a week, the decline reached23.0%，create2020year11The lowest point since the beginning of the month. Bitcoin prices stabilized before this sharp drop20000dollar，And briefly stand up21000dollar，But now it's stuck in a waterfall market again。

Ethereum, another major cryptocurrency, also suffered heavy losses，Quotations as of pre publication1115dollar，24Hourly decline16.9%，The weekly decline exceeded29%。

Just as the cryptocurrency market wavers，A highly anticipated acquisition case in the industry has ushered in a turning point。

11month10Day,Coin An stated in a statement that，“We hope to supportFTXOur clients provide liquidity, but these issues are beyond our control or assistance capabilities.”Coin An emphasizes that every time a major player in an industry goes bankrupt, retail investors will suffer losses. In the past few years, Coin An believes that cryptocurrencies have resilience, and the abnormal behavior of abusing user funds will sooner or later be eliminated by the free market. This also means that in just one day，Coin An chooses to abandon the acquisition of another cryptocurrency giant in the industryFTX。

Another key messageIt was US regulatory agencies that began to noticeFTXThe collapse of.according toForeign mediaOn Wednesday, it was reported that the US Securities and Exchange Commission is deepening its scrutiny ofFTXSurvey, ProductfuturesTrading Committee（CFTC）We are also investigating nowThis trading platform。

Three sources said that the investigation by the Securities and Exchange Commission and the Commodity Futures Trading CommissionFTXRelated to liquidity tightening。Coin An also mentioned in the statement that it has abandoned the acquisition due to "the latest investigation report from US regulatory agencies"。

11month9day，FTXAgree to sell its non US assets to competitorsCoin security，This is one of the largest cryptocurrency exchanges in the world，andIts local exchange tokenFTTPriceThe collapse led to a tightening of liquidity.9Early morning of0Point,FTXfounderSBF（Sam Bankman-Fried）And Zhao Changpeng, founder of Coin An (nicknameCZ）Both sides have issued documents stating that they have already acquired security assets in currencyFTXA preliminary agreement was reached.

Zhao Changpeng stated in his tweet:“This afternoon (local time in the United States)11month8Day),FTXSeeking help from us due to severe liquidity tightening. In order to protect users, we have signed a non binding letter of intent, and Coin An intends to fully acquire（FTX）. We will conduct a complete investigation into this matter in the coming days.”

Zhao Changpeng said in an interview with foreign media: Less than24Hours ago,SBFCall me. Prior to this, I wasFTXLittle is known about the internal situation of. I can use our income to do some mental calculations to guess their income, but this won't be very accurate. I was surprised when he wanted to speak. My first reaction was that he wanted to engage in over-the-counter trading... but it turned out to be the way it is now.”

As the market responds toFTXFocus on，More and moreThe source stated thatFTXOn the balance sheet ofThere are insurmountable financial loopholes.

Just announcing the proposed acquisitionFTXNot long ago，FTXPlatform TokensFTTPriceThere was a brief surge,Breakthrough20dollar，butThen quickly diving，Falling to2.57The low point of the US dollar.Many practitioners believe that this is a comprehensive victory for the industry's largest player, Coin An，butZhao Changpeng doesn't think so.Planning to saveFTXThe second day ofHe once stated that，FTXAlmost collapsedSerious shakingYesPeople's confidence in the encryption industry will trigger stricter scrutiny by regulatory agencies.

CZIn a memo to employees, it was stated that this rescue has consolidated the position of Coinan as the world's largest cryptocurrency trading platform, but it is not“A Victory”Regulatory agencies will conduct stricter scrutiny of trading platforms, making it more difficult to obtain licenses globally.

This is also a continuation of this year's5Monthly cryptocurrency field due to algorithm stable currency“UST”After a thunderstorm，Once again, we have fallen into a sharp decline.sufferFTXImpact of liquidity crisis，Numerous crypto financial institutions are beginning to fall into serial liquidation，One of the popular public chainsSolanaThe price of the token has dropped in a short period of time57%，FTXIs one of the main investors in the ecosystem。

andAfter the largest cryptocurrency exchange, Coin An, gave up its rescue,FTXGradually heading towards the end.according toReported by multiple foreign media,SBFTell investors that after the liquidity crisis,FTXShort positions of up to80USD100mnIf liquidity replenishment is not obtained，The platform is on the brink of bankruptcy。

In a crisis,SBFHas disappeared from the Bloomberg Billionaires Index, withPersonal wealth plummeted within a day94%to9.915USD100mnOn their social mediaThis former billionaireRemoved a previous assertionFTXAdequate liquidity，And will always protect investors' assets on Twitter。