In a tweet, Binance has officially canceled it’s deal to rescue FTX with a buyout. BTC has dropped below 16k after the news broke. Expect further fallout.
“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 FTX.com.”
“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.”