The Verge
Binance, the largest crypto exchange by volume, says it isn’t buying the beleaguered FTX crypto exchange, saying that “the issues are beyond our control or ability to help,” according to a company statement. The statement also said that “news reports regarding mishandled customer funds and alleged US agency investigations” led them to back out of the deal, which was announced yesterday.
While announcing their deal, FTX CEO Sam Bankman-Fried tweeted, “Binance has shown time and again that they are committed to a more decentralized global economy while working to improve industry relations with regulators. We are in the best of hands.
Binance’s change of heart was first reported by The Wall Street Journal. But even yesterday, the deal…