Crypto exchange Binance decides against

Binance will abandon its deal to rescue Sam Bankman-Fried’s FTX cryptocurrency exchange, citing concerns about its business practices and investigations by US financial regulators. The move

Binance Walks Away From Deal to Rescue FTX - WSJ

Crypto exchange Binance decides against acquiring rival FTX. This comes as due diligence processes reveal untenable deficiencies in FTX's financials and structure. This move by Binance could likely cause other crypto companies, including lenders, to get wiped out.

Despite mutual interests and financial

Crypto exchange Binance said it would walk away from an initial offer to acquire its competitor FTX after a review of the company’s finances.

Binance Pulls Out of FTX Deal: ‘Beyond Our Ability to Help’ - VICE

Despite mutual interests and financial entanglements, the deal fell through. Binance CEO Changpeng Zhao cited unresolvable issues as the primary roadblock, leaving both entities to forge their distinct paths.

According to sources close to

Binance Walks Away From FTX Buyout Citing Mishandling of

Binance ditches deal to rescue rival crypto exchange FTX

According to sources close to the situation, Binance is strongly considering pulling out of the acquisition just half a day after analyzing FTX’s finances and financial commitments. The FTX drama has had a cascading effect on the entire cryptocurrency market.

Binance may scrap its proposal

Binance is Likely to Step Back From Acquiring FTX, Report Suggests

Why Binance Walked Away From Acquiring FTX? Here’s What

Binance may scrap its proposal to acquire cryptocurrency exchange FTX, after examining FTX’s “internal data and loan commitments,” according to an unnamed source familiar with the matter cited by

Binance

Binance likely to back out of FTX deal: report - Yahoo Finance

Binance, the world’s largest cryptocurrency exchange, has backed out of a tentative deal to rescue its second-place competitor FTX from money problems that Binance CEO Changpeng Zhao

Binance Ditches Plan to Rescue Struggling Crypto Exchange FTX

Binance stepped away Wednesday from

Binance stepped away Wednesday from plans to purchase FTX, unable to overcome issues surrounding the rival crypto exchange founded by Sam Bankman-Fried.