Bnk To The Future, an online investing platform, announced the cancellation of its previously announced non-binding letter of intent to acquire Salt Lending due to the latter’s FTX exposure. According to a statement, “Bnk To The Future announces that its previously announced non-binding letter of intent with SALT Blockchain, Inc. (SALT) has terminated due to SALT’s position with FTX and for failing Bnk To The Future Due Diligence, and that the transactions contemplated thereby will not proceed.” Bnk To The Future also stated that it was unaffected by Salt or FTX because the firm had no direct or indirect connection with SALT or FTX and all client funds were fully segregated and uninvested.
