Salt Lending, a <a href="https://www.cryptoknowmics.com/news/cryptocurrency-regulations-in-asia-a-run-through-of-the-basics">cryptocurrency</a> lender, has fallen prey to the cryptocurrency epidemic sparked by the bankruptcy of FTX. BnkToTheFuture, an online investment platform, <a href="https://bnktothefuture.com/blog/bnk-to-the-future-announces-termination-of-loi-with-salt-blockchain-inc/" target="_blank" rel="nofollow noopener">stated</a> that Salt Lending's exposure to the <a href="https://www.cryptoknowmics.com/news/ftx-australia-licence-suspended-leaving-30k-australians-stranded">FTX</a> caused it to suspend its previously disclosed non-binding statement of intention to buy Salt Lending.

https://twitter.com/BankToTheFuture/status/1592580347954450435
<h2>BnkToTheFuture Non-Binding Letter</h2>
BnkToTheFuture states that its previously disclosed non-binding written contract with<a href="https://www.cryptoknowmics.com/news/salt-receives-a-buyout-offer-from-bnk-to-the-future"> Salt Lending</a> 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.
<h2>Suspension of Deposits and Withdrawals</h2>
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 <a href="https://www.cryptoknowmics.com/news/celsius-files-motion-to-extend-submission-time-for-reorganization-plan">Celsius</a> and <a href="https://www.cryptoknowmics.com/news/californian-financial-regulator-dfpi-revokes-blockfis-lending-license">BlockFi</a>.

BnkToTheFuture Suspends Plan to Buy Crypto Lender Salt Lending

BnkToTheFuture stated that Salt's exposure to the FTX caused it to suspend its previously disclosed non-binding statement of intention to buy Salt Lending.

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BnkToTheFuture Suspends Plan to Buy Crypto Lender Salt Lending

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