menuIcon
$ 94,986.4
BTC
$ 94,986.4
0.97 %
$ 1,806.22
ETH
$ 1,806.22
-0.19 %
$ 0.7191
ADA
$ 0.7191
2.80 %
$ 605.85
BNB
$ 605.85
0.79 %
$ 152.33
SOL
$ 152.33
2.48 %
Gungun Bhatia
Nov 16, 2022
by Gungun Bhatia

BnkToTheFuture Suspends Plan to Buy Crypto Lender Salt Lending

BnkToTheFuture Salt Lending

Table of contents

  1. BnkToTheFuture Non-Binding Letter
  2. Suspension of Deposits and Withdrawals
Salt Lending, a cryptocurrency lender, has fallen prey to the cryptocurrency epidemic sparked by the bankruptcy of FTX. BnkToTheFuture, an online investment platform, stated that Salt Lending's exposure to the FTX caused it to suspend its previously disclosed non-binding statement of intention to buy Salt Lending.

BnkToTheFuture Non-Binding Letter

BnkToTheFuture states that its previously disclosed non-binding written contract with Salt Lending has dissolved owing to SALT's stance with FTX and for violating BnkToTheFuture Due Diligence, and that the operations anticipated, therefore, will not proceed.

The statement further said that BnkToTheFuture seems to not influence Salt or FTX as Bnk To The Future has no explicit or implicit link with SALT or FTX, and all client assets are entirely separated and uninvolved.

Suspension of Deposits and Withdrawals

According to a post by YouTuber Tiffany Fong, Salt had previously informed its clients via email that it was halting withdrawals and deposits on its platform owing to the impact of FTX's collapse on its company. Shawn Owen, the CEO of Salt, responded to a thread in a different tweet. One of the earliest players in the cryptocurrency loan market, Salt, a Denver-based startup formed in 2016, came before businesses like Celsius and BlockFi.

Follow us on: News
FTX BnkToTheFuture Salt Lending Non-Binding Letter how to invest in bitcoin india crypto trading india news about cryptocurrency
BnkToTheFuture Suspends Plan to Buy Crypto Lender Salt Lending
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

Top Picks