FTX declared bankruptcy earlier today after failing to complete an acquisition with Binance. This move will have a massive effect on FTX’s numerous partnerships, and one remarkable partner has already supplied a notification on what’s to come. Only two months after partnering with FTX to further implement GameStop into the crypto world, it has publicly stated that it is severing ties.
GameStop announced the news on its official Twitter account for the company’s NFT division.
GME started carrying gift cards to the cryptocurrency exchange platform as a component of the FTX and GameStop partnership, which began in September. It will now provide refunds to those who bought them.
The Video game retailer reacted quickly to the news of FTX’s Chapter 11 bankruptcy filing this morning. This arises after FTX attempted and failed to sell its non-US operations to Binance after doubts about the company’s liquidity were raised, resulting in a mass sell-off of FTT. FTX CEO Sam Bankman-Fried issued an apology statement yesterday, apologizing for putting the company in this position.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
CoinCu News
The highly anticipated Bitcoin Seoul 2024 conference is gearing up to be a revolutionary event…
As an experimental festival, Non-Fungible Conference aims to revolutionize event frameworks, offering attendees a glimpse…
Blockchain Week Rome 2024 is set to unite the Italian and international crypto communities in…
The eagerly anticipated BlockSplit conference, a premier gathering for blockchain enthusiasts, is set to take…
Despite market downturns, over 95% of Bitcoin ETF investors have held onto their assets, demonstrating…
Cardano network (ADA) has achieved a significant milestone in its blockchain journey, marking a momentous…
This website uses cookies.