The crypto lending platform Salt Lending has halted deposits due to exposure to FTX risks, and its acquisition plan has been shelved

2022-11-16 07:24:34

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ChainCatcher news, according to CoinDesk, the online investment platform Bnk To The Future has announced that it will terminate its acquisition of the cryptocurrency lending platform Salt Lending due to FTX exposure risks. Previously, Salt Lending sent an email to its customers stating that it was suspending deposits and withdrawals on its platform due to the impact of the FTX collapse, but did not specify the extent of the risk exposure.

It is reported that on September 2 last year, Bnk To The Future stated that it had agreed to acquire Salt Lending for an undisclosed amount, allowing users to borrow against their held cryptocurrencies as collateral. The transaction was contingent upon signing a final agreement and obtaining regulatory approval. (CoinDesk)

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