FTX Considers Rescue Deal with Kraken
Source: theblock.co — 6/29/2025
FTX has reached out to Kraken in the U.S. regarding a potential rescue agreement, according to Axios, citing two informed sources. The discussions' specifics are still uncertain, and they may either progress or collapse. Both FTX and Kraken declined to comment. This development follows Binance's decision to retract its acquisition plans for FTX.
FAQ
❓ What is FTX seeking from Kraken?
FTX is in discussions with Kraken for a potential rescue deal, but the specifics are not clear yet.
❓ Why did Binance back out of acquiring FTX?
No detailed reason was given, but Binance chose not to proceed with the acquisition of FTX.
❓ Are there any comments from FTX or Kraken?
Both FTX and Kraken have declined to comment on the ongoing discussions.