BitMEX Sale Fell Through Over Founder Ownership and Declining Business Concerns

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Cryptocurrency exchange BitMEX failed to find a buyer after potential acquirers walked away from a proposed sale. Among those who declined was Exodus, according to a source familiar with the matter. Buyers were reportedly put off by concerns surrounding founder ownership stakes in the company. The exchange's shrinking business operations further dampened acquisition interest. The collapsed deal highlights ongoing challenges facing BitMEX in a competitive crypto market.

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