Binance won’t bail out FTX, cites reports of ‘mishandled customer funds’
The Verge
Binance, the largest crypto exchange by volume, says it isn’t buying the beleaguered FTX crypto exchange, saying that “the issues are beyond our control or ability to help,” according to a company statement. The statement also said that “news reports regarding mishandled customer funds and alleged US agency investigations” led them to back out of the deal, which was announced yesterday.
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