This is the most non-denial denial I have ever read:

"We cannot confirm anything at this stage," a Bithumb spokesperson said.

Bithumb didn't simply decline to comment (which is exactly what FTX did).

FTX is fire sale shopping. Bithumb is desperately searching for more buyers. https://t.co/YBKjhe3oHr

— Emil Protalinski (@EPro) July 22, 2022

I'm skeptical if FTX can buy Bithumb.

Similar acquisition deals always have failed due to the government's interference.

K-gov does strong capital controls. Kimchi premium, for example. This deal can bring foreign capital via crypto and makes them lose control. https://t.co/5vYA7aQOQ6 pic.twitter.com/WLVsv8H5zg

— Ki Young Ju (@ki_young_ju) July 22, 2022

FTX is in advanced talks to buy South Korea’s Bithumb. Bloomberg said. FTX is also raising funds. Binance huobi has considered acquiring Bithumb before. Currently, 90% of the trading volume in South Korea is concentrated on Upbit. https://t.co/rXe6O3lKrU

— Wu Blockchain (@WuBlockchain) July 23, 2022

"buy" https://t.co/q8pNJEkjQ7

— Doomberg (@DoombergT) July 22, 2022