FTX’s valuation tanks as Binance abandons the acquisition deal. Bloomberg’s wealth index now believes FTX to be worthless, as Binance has announced its decision to pull out of the acquisition deal. Per the report, the company’s collapse will likely wipe out all investors. Consequently, the software, data, and media company estimates that FTX is worth The post FTX Exchange Valuation Falls From $32B To $1 first appeared on The Crypto Basic .