Binance announced on its official Twitter account that they gave up the process of purchasing FTX.
After Binance entered the process of purchasing FTX, there were many developments. Following this step, anonymous sources stated that Binance first started to approach the purchase agreement after seeing FTX’s balance sheet.
While rumors spread that he was distant towards the purchase agreement, it was reported that Binance would accept the agreement on the condition that FTX.US, the US branch of FTX, is also included in the process.
As the FTX and Binance agreement progressed, official institutions in the United States, the CFTC and SEC, announced that they had launched an investigation into the process. Following the announcements of the relevant institutions, it was announced that they gave up on the agreement upon the official statement from Binance.
Binance said in an official statement that they wanted to help customers by acquiring FTX, but the current situation of customer funds in FTX is beyond their capacity. He also stated that in this context, official institutions in America would not approve this purchase for the same reasons.