“Bnk To The Future announces that its previously announced non-binding letter of intent with SALT Blockchain, Inc. (SALT) has terminated due to SALT’s position with FTX and for failing Bnk To The Future Due Diligence, and that the transactions contemplated thereby will not proceed,” according to a statement. “Bnk To The Future has no impact from neither Salt nor FTX as Bnk To The Future has no direct or indirect connection with SALT or FTX and all client funds are fully segregated and uninvested,” the statement added.
Source: https://www.coindesk.com/business/2022/11/15/online-investing-platform-bnktothefuture-drops-plan-to-acquire-crypto-lender-salt-lending-due-to-ftx-exposure/?utm_medium=referral&utm_source=rss&utm_campaign=headlines