According to a report by the Wall Street Journal Binance, problem cryptocurrency exchange stopped buying FTX. WSJ based the news on a company spokesperson.
On the other hand, according to Wall Street news, Binance cited reports of FTX misusing customer funds as the reason for abandoning the deal.
According to the company statement, Binance has walked away from the FTX deal. – WSJ
— Bitcoin System (@bitcoinsystem) November 9, 2022
On the other hand, according to other sources, Binance stated that it would give up if FTX.US was not part of the deal.
Update 10.11.2022 (00:00)
Binance official Twitter account made the announcement on the subject.
As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of https://t.co/FQ3MIG381f.
— Binance (@binance) November 9, 2022
*Not investment advice.
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