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Benzinga
Benzinga
Business
Chris Katje

Binance Drops FTX Acquisition, Cryptos Trade Deep In The Red: 'The Issues Are Beyond Our Control'

Binance walked away from a deal to acquire FTX.com Wednesday after examining the company’s financials.

The decision comes as a result of due diligence, as well as reports of mishandled customer funds and U.S. regulatory investigations, the crypto exchange said in a statement posted in a series of tweets. 

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