Binance Walks Away From FTX Acquisition

[AJBot]

The world’s largest exchange said on Wednesday that it will not pursue the potential acquisition of Sam Bankman-Fried’s FTX.Binance walks away from FTX deal following due diligence.Firm also mentioned U.S. investigations of FTX.Retail investors are left hanging without access to funds.Binance will not move forward with the acquisition of rival exchange FTX, the company said in a tweet Wednesday afternoon.“In the beginning, our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help,” Binance said.The ...

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