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Binance withdraws from FTX deal in major reversal

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A day after lending a hand to FTX in the current liquidity crisis, crypto-currency exchange Binance has pulled out of the deal to acquire FTX’s non-U.S. assets. Explaining the reason for the withdrawal, Binance said that during their corporate due diligence, they discovered major mismanagement of customer funds and alleged U.S. agency investigations into FTX. […]

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