Binance Opposes: They Are Not Responsible for FTX’s Collapse

Binance management responded to the statements of politicians in the UK, opposing the idea that Binance could be responsible for the collapse of FTX.

Politicians in the UK met earlier this week with a group of crypto representatives, including names from Binance.

Harriett Baldwin, chairman of the Treasury Committee, during this meeting “From the collapse of FTX” Changpeng Zhao, CEO of Binance whether it is responsible raised the question.

After learning of FTX’s liquidity crisis, Binance first thought of purchasing FTX, and later abandoned this decision. According to Baldwin, the downfall of FTX This decision triggered it could be.

Binance management responded to the issues discussed during this call, “The reason FTX crashed was due to the company’s financial irresponsibility and the possibility that the company committed fraud” stated that.

source site-9