Synthetix Drops $27M Derive Deal After Community Pushback
Synthetix has officially scrapped its proposed $27 million acquisition of crypto options platform Derive, following intense community backlash and lack of support from stakeholders on both sides. Community Backlash Halts Acquisition The now-canceled proposal, first announced in a May 14 blog post, involved a token swap deal priced at 1 SNX for 27 DRV tokens. […]
